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Tron

Is TRX a good investment ahead of the USDD's debut?On Thursday, the price of TRX skyrocketed when Justin Sun announced plans for a new stablecoin. TRX hit a high of $0.074, the highest since April 4th. However, following Jerome Powell’s hawkish remarks, these gains were short-lived. Bullish Scenario: TRX may retrace back to $0.06 support levels. If TRX manages to break over the resistance level at $0.074 after retracements, it will be mildly bullish. With sufficient buying activity, breaking above the $0.08 price barrier will lead to a rise towards $0.10 and higher. Bearish Scenario: TRX has been in a decline for several months, thus we don’t have a strong bullish bias for the medium term. If the support level of $0.06 does not hold, the price will sooner or later fall below $0.05, $0.03, and much lower.
BINANCE:TRXUSDLong
by AltcoinBuzzTrading
TRXUSDT 1D When the Tron price correction ends ?Today we will consider a pair of TRXUSDT on the global chart. From March 2020 to April 2021 there was a strong and confident growth, which can be marked by the first wave of growth. From April 2021 to the present, the second wave of correction continues, which in our opinion may have 3 options for completion, which will be discussed below: 1. The correction at the final stage and yesterday's aggressive buyout of buyers shows that they are set to start a wave of growth, even despite the correction in the price of BTCUSDT In this case, $0.06 per TRX is a critical level below which the price can not fall. 2. This option is to fix the price of TRXUSD below $0.06 and start the final wave down. The upper limit of the liquidity zone can be attracted the fall to level $0.035 3. This is the most pessimistic option and a strong fall on the crypto market. In this case, it will be possible to focus on the lower limit of the liquidity zone - the level of $0.024 for Tron We are trading probabilities and do not know which option will work exactly. However, the painted and painted action plan is already half the work, now the main thing is to orientate in time and make the right trade decision in the future. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
24
TRX races high, aiming for $0.074 next as bulls show momentumThe TRON price analysis indicates a strong bullish trend, as a sharp increase in price has been detected today. The most recent update shows that the cryptocurrency is going in favor of the buyers as they have taken over the market. The past few hours have observed a continuous aggressive bullish price movement, due to which the price has reached the $0.073 level and is on course to go above the current resistance at $0.074. TRX/USD 1-day price chart: Bulls mark 16 percent gains as price surges to $0.073 The 1-day price chart for Tron price analysis is going in a bullish direction for the day, as the price has jumped higher than expected. There has been a massive rise in the coin value, and the price levels are going high every hour, which has resulted in the price reaching $0.073 of value. The coin has gained a handsome 16.4 percent value overnight. The moving average (MA) has also taken a sharp upwards turn and will soon cross over SMA 50 curve, which is a further bullish indication.
BINANCE:TRXUSDLong
by henryartem
TRON (TRX) - April 7Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSDT 1W Chart) Primary resistance: around 0.08631 Secondary resistance: 0.11228-0.12526 Support: 0.04736-0.06034 (1D chart) (buy) - After confirming the support in the section 0.06034-0.06427 (Stop Loss) - When it falls below 0.05526 (Sell) - When resistance is received in the range of 0.08223-0.08632 - When receiving resistance in the range 0.11228-0.12526 However, since the support section mentioned in the 1W chart is the 0.04736-0.06034 section, the priority is to check whether it is supported within this section. If it falls below 0.04562, it is likely to enter the mid- to long-term investment area. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
3
TRON - Update ✅Let's see how TRX is behaving. This is a 1D chart. (Mid Term) TRX is now the first trend on Twitter. It looks like it has safely passed the support/resistance level on the chart and, after confirmation, will turn it into a local support level. This can start a new uptrend for TRON. Support levels: 0.06342 Resistance Area: 0.08169 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing BUY volumes for TRX. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that TRX is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $0.07171 Let me know your ideas. Good luck.
by ShawnMCR
2