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Tron (TRX) - we are waiting for a global growth wave to $0.09The week of trading on the TRON (TRX ) market ended with an unsuccessful attempt by sellers to continue the wave of decline without correction and gain a foothold below the liquid range of $0.059-0.062. Having used small volumes to continue falling, sellers were able to touch the $ 0.046 mark. However, the weekly candle closed at almost $0.065, creating a false breakout of the range of $0.059-0.062. This fact testifies to the local weakness of sellers below the range of $0.059-0.062. The first local pivot point for sellers to continue the downward trend is in the range of $ 0.067-0.068. On the daily timeframe, it is clearly seen that it was after the breakdown of this range downward that sellers were able to lower the Tron price by 30% in 2 days: In addition, a sharp counterattack of buyers, which also lasted 2 days, stopped exactly in the range of $0.067-0.068 . Therefore, in order to make a trading decision to buy, it is necessary to wait for either a breakout of the range of $0.067-0.068 upwards and expect a retest of this liquid zone from above, or wait for a local price decline to $0.059-0.062 and buy in this range. Why is there a high likelihood of a new wave of decline in the TRON (TRX) market in a local perspective? Firstly, do not forget that although the wave of decline in the TRON market, which began in May, has slowed down, a clear falling TRX price channel is visible on the chart. Secondly, the daily chart shows that on June 23-24, buyers were much more aggressive than in the last 4 days. This is evidenced by the aggressiveness of candlesticks and volumes. Third, on the TRXBTC chart, we see a stable price movement in a falling channel and low trading volumes. This fact indicates that the situation on the TRON market has not changed yet. Buyers face another toughness test, during which they cannot be allowed the TRX price to renew the previous low. In this case, the main target of buyers is in the range of $0.09. However, if recently the price of TRXUSDT could do it in a few days - now it may take several months. A significant decrease in trading volumes and a negative situation in the crypto market have significantly reduced volatility and optimistic scenarios for updating historical highs of coins. This is our main scenario for now. However, if buyers cannot hold the range of $0.059-0.062, we will expect the continuation of a powerful wave of decline with the target of $0.037-0.039 P.S. - our previous TRX forecast worked out completely: ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
34
Tron (TRX) - June 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSD 1W Chart) It remains to be seen if it can move above the 0.07500028 point to continue the uptrend. (1D chart) We will have to hold the price in the 0.05118284-0.07253780 range to see if it can turn into an uptrend. If it goes down, you should see support at the 0.04050536-0.05118284 zone. ------------------------------------- (TRXBTC 1W Chart) If the price holds above the 259 Satoshi point, it is expected to create a new wave. (1D chart) We'll have to see if we can get support by going up to the 199 Satoshi-215 Satoshi section. If it goes down, it should find support at the 168 Satoshi point and see if it can move up along the uptrend line. In order to turn into an uptrend, it needs to rise above the 194 Satoshi point to find support. ------------------------------------------ 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 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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)
BINANCE:TRXUSD
by readCrypto
Is TRX/USDT about to do a great bullish movement?Hi every one TRON/USDT TRX/USDT is in an ascending triangle pattern which means that the price would increase as much as the measured price movement but only after break out happens. We should wait before doing a move. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
20
TRX/USDTTRX showed an active upward movement, something like 5 waves, if it really is them, then I expect a move higher to 0.072 But this scenario will be relevant when the upper trend channel is broken. I expect an exit above the upper channel with a subsequent movement to 0.68, I will try to trade, and I put a Take there, stop for the support at 0.64 My ideas do not relate to market and trade recommendations, they are analysis of the chart, with all possible outcomes. Only you should make decisions on the market. If you liked my idea, follow me for more.
by MonoCoinSignal
TRXUSD 4D: 4000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -covering crypto/FX/stocks -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates TRXUSD 4D: 4000% gains BEST level TO BUY/HOLD(SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. previously recommended buying low. READ ENTIRE IDEA BEFORE EXECUTION. 🔸 Summary and potential trade setup ::: TRXUSD 4days/candle chart review ::: accumulation in progress now ::: 4000% gains is not a typo ::: potential C*H setup BULLS ::: focus on BUY/HOLD near ::: range lows later ::: right now CORRECTION MODE ::: 40%+ sit it out and buy low later ::: LONG RANGE OUTLOOK ::: this is not for short-term traders ::: accumulation NOT COMPLETE YET ::: 4000%+ gains still possible ::: currently trading near range highs ::: BUY/HOLD setup TP +4000% ::: previously recommended buying low ::: up to 4000% gains possible later ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +4000% gains ::: details: see chart ::: SWING TRADE: BUY/HOLD IT ::: AFTER 40%+ correction!!! ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: PULLBACK/RANGE LOWS RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:TRXUSDLong
by ProjectSyndicate
6
Tron Price Analysis: TRX Surges 16% After Finding $0.5 Support Tron is up by a strong 16% today as the cryptocurrency bounces from $0.05 and hits $0.0648. Despite the strong rebound, TRX is still trading beneath the 200-day moving average price. Against Bitcoin, Tron found solid support at 156 SAT (.618 Fib Retracement) and has since bounced back toward 200 SAT. What has been going on? Taking a look at the daily chart above, we can see that TRX has been in an extended downtrend since the start of May when it hit its ATH price of around $0.17 on Binance. BY the last week of May, TRX had reached as low as $0.06 but managed to hold support provided by the 200-day MA. In June, TRX started to trade inside a descending triangle consolidation pattern. The triangle floor was just beneath $0.07, and TRX managed to remain above it for most of the month. However, on Monday, TRX eventually broke toward the downside of this triangle and fell beneath the 200-day MA support. After breaking the triangle, TRX continued to drop until support was finally found on Tuesday at $0.05. It managed to rebound from there yesterday and has since pushed near the $0.065 level. TRX price short term prediction: BEARISH TRX has to be considered bearish beneath the 200-day MA level. The cryptocurrency needs to break above $0.068 (200-day MA & 20-day MA) to become neutral again. It would need to surpass resistance at $0.1 to be considered bullish in the short term. If the sellers push lower, the first support lies at $0.06. This is followed by $0.05. Beneath $0.05, added support lies at $0.0453 (downside 1.272 Fib Extension), $0.042, $0.04, and $0.037. Where Is The Resistance Toward The Upside? On the other side, the first resistance lies at $0.068 (200-day MA & 20-day MA). Above this, resistance lies at $0.0751 (bearish .236 Fib Retracement), $0.08, and $0.087 (50-day MA). If the buyers continue to drive above $0.09, resistance can be expected at $0.093 (bearish .382 Fib Retracement), $0.095 (100-day MA), and $0.1.
by CoinCodex
2