TRX is going to be volatileTRX should go to the resistance zone. on its way, there's a redline. if price breaks this line, it can go up to the next target. although there's no clear analysis of what happens in this gap.
The red support shown in chart is really powerful and will not be easily broken.
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Tron
TRX/USDT : Expecting a Bullish Movement.Hi every one
TRON/USDT
TRX/USDT has managed to Break the Descending channel which It was stuck in. Now the price has a Great chance to do a Good Bullish movement. It can reach the Resistance shown In the Picture (around 0.9) there is a Good chance that the price does a pullback to the channel before continuing the Bullish Movement.
Summery:
-TRX has broken the Descending channel
-The greatest Resistance for TRX is around 0.08$
-There should be a pullback before the bullish movement happens
Previous Analysis:
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Tron TRXUSD - Elliott wave + Massive channel!- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
TRXUSD (TRON) Target Price 0.1120TRXUSD (TRON) closed above 0.0909 and retested 0.0909. Entry at close of pin bar.
TRXUSD Target Price 0.0916TRXUSD Tron Entry Price 0.0842. Trade Set Up is entry at Pin Bar Close Price.
Tron TRXUSD - Massive Ascending channel + Impulse Elliott Wave!- On the chart we can spot an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing at the chart.
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
TRXUSD Great opportunity to go longTRX opportunity is possibly about to finish the current expansion that is doing and most likely would start retracing between today and tomorrow. Look for the marked areas. If price manages to reject multiple times marked area on the 4 hour chart, then it would be a great opportunity to go long and target the 1.27 or 1.618 fib area.
Tron (TRX) - August 4Hello?
Welcome, traders.
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(TRXUSD 1W Chart)
If the price holds above the 0.03074453-0.04413840 range, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 0.05118284-0.07253780 range, it is expected to turn into an uptrend.
If the price holds above the 0.07253780 point, I would expect it to reorient itself in the range 0.09389276-0.10457024.
If the price falls in the range of 0.04050536-0.05118284, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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(TRXBTC 1W Chart)
If the price is maintained above the 259 Satoshi point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 168 Satoshi-199 Satoshi, it is expected to turn into an uptrend.
If it falls in the 121 Satoshi-137 Satoshi range, it is possible to enter the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** 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 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
TRX/USDT can easily break out of the Bearish channel.Hi every one
TRON/USDT
TRX has been ranging In a bearish channel for quite sometime. and Now there is a Great chance that TRX would Break this channel and be ready to do a bullish movement.as you can see the 5 First waves of Elliot waves (Impulse waves) has been completed and now is time for ABC waves! so the price can Do a bullish movement and After a correction and a pullback to the channel Go for another Bullish wave. Note that the price will fall after the completion of the third (C) Wave. If you pay closer attention you can also see a Regular Bullish Divergence on MACD .this is also a Great Bullish sign as well!
summery:
-TRX has completed the first 5 waves of Elliot waves principle.
-It's now time for ABC waves (Bullish waves)
-There is +RD on MACD
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck