TRXUSDT Bullish short-term but still limited.*** ***
For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange .
*** ***
The idea is on the 1D time-frame where TRX has been trading within the Support Zone of the Bear Cycle (0.04460 - 0.05100) ever since the FTX crash. On the bright side it appears that it has found Support and since June 22, every time (4 times in total) it has done so within this Zone, it rebounded aggressively. The obvious limitation is the Lower Highs trend-line that started on the November 15 2021 High, which even though it broke on Nov 05, the price quickly fell below it again, remaining the strongest Resistance right now. Interestingly enough, this is where the 1D MA50 (blue trend-line) is at the moment.
The 1D MA200 (orange trend-line) has been intact since August 18 and after that, the key to a strong rally is the 0.07250 Symmetrical Resistance which has multiple rejections under its belt since January 17 2022.
A bullish signal is the fact that the 1D RSI hit and rebounded within its 23.50 - 30.00 Support Zone, which every time it got hit, initiated a strong rally. As a result, even though a short-term rebound is possible if the market conditions help, it is still limited to the 1D MA50 and the November 15 Lower Highs trend-line. In order for us to call a confirmed buy extension on TRXUSDT , we want to see a candle closing above the 1D MA200 or preferably the 0.07250 Symmetrical Resistance, which can then target with high probabilities the upper Fibonacci levels towards the 0.0930 Resistance that was previously a Double Top (May 09 and June 01 2022).
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Trxusdt
Tron TRX - 51% crash very soon!
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
This chart indicates that more blood is coming for the crypto market. It's possible!
I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
For more ideas, hit "Like" and "Follow"!
TRON/BTC Ready for Another 60% Down Move..?#TRX/BTC Technical Analysis:-
#Tron currently trading at 314 Satoshi area and 360 Satoshi is Strong Resistance Zone.
I think it will Not break in this Cycle.
I am Also Brarish in #Tron/BTC Pair and Expecting another 60-70% Down Move from This Level.
Sell Point :- 320-360 Satoshi
Targets:-
TP1:- 250 Satoshi
TP2:- 180 Satoshi
TP3:- 140 Satoshi
Always Try to Buy Partially and Never buy in One Lot.
Please Like and Appreciate.
Thank you.
TRX looks really bad if neckline breaksWe've got a descending triangle pattern printed waiting breakout for confirmation.
TRX looks really bad if neckline breaks.
It can go down as much as 75% from the point of the potential breakout, this could imply that USDD could also go bust as Justin Sun fails in saving FTX and end up being the last man boarding titanic.
###NOT FINANCIAL ADVICE###
TRXUSDT Elliott Waves Analysis (Local Vision)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
growth from current price or through one more decline in zone ~0.055
Entry: market and lower
Target: 0.074 and 0.08
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
TRON (TRX) - November 9Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(TRXBTC 1W Chart)
The key is whether it can move above 0.0000 0318 to find support.
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(TRXUSDT 1W Chart)
As Tron pegs the stablecoin with TRX, it becomes important to be supported in the 0.05358-0.06236 range.
Therefore, it is necessary to check whether it is supported in the 0.05358-0.06236 section.
If it doesn't and it goes down, the key is to touch the 0.03538-0.04437 section and return quickly.
(1D chart)
We need to see if we can quickly rise above 0.05989.
If not, you should check to see if there is support around 0.05358.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(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.)
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Tron (TRX) formed a big bullish Shark | A Good long OpportunityHi dear friends, hope you are well and welcome to the new trade setup of Tron ( TRX ) with US Dollar pair.
Previously we cauth a nice pump of TRX:
Now on a 4-hr time frame, TRX has formed a bullish Gartley pattern. At the moment after the completion of the final leg the priceline is slightly moved up, therefore, we can wait for the price correction to catch it from the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for TRXUSDT
In the current chart, there are R2 and R1 as our resistance areas which both contain the disability of the price to rise. And S2, S1 and S3 are all the support areas that express the well support of price. Thus, we have the fluctuation of price below R1 area and our expectation would be a rise for the price to reach R1 and then by being rejected, a decline is waiting for it to S1. Or it may happen that the price rises up to R2 and then via receiving some falling signs, more decline will be predicted for it toward S1. Let's wait for the future updates in order to make sure what will happen exactly.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
TRON (TRX) - November 1Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(TRXUSDT 1W Chart)
The key is whether the price can hold above 0.06236 and break above the downtrend line.
(1D chart)
Important indicators are concentrated in the 0.05989-0.06532 interval.
Therefore, there is a high probability that a trend will form outside of this interval.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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#Tron Upsides Limited, TRX in Range above $0.060 SupportPast Performance of Tron
TRX prices might be bullish, as it is, but there is little to write home about at spot rates. Amid a market-wide recovery, especially in the top-10 coins, Tron is steady and still limited to the upsides with recent ranges. TRX is up two percent in the last 24 hours, but the only positive is that prices are within the bullish bar of October 14.
#Tron Technical Analysis
Tron is bullish from volume analysis. This is a net positive for aggressive traders believing the coin is undervalued at spot rates. However, there has been no sharp price gain above $0.065, confirming gains of October 14. This forecast is especially true if TRX is above last week's lows at $0.060. As long as prices are above this support line, traders can buy on dips, targeting $0.065 with expectations of trend continuation. In that case, TRX, if buyers are in control, may soar to August highs at $0.072.
What to Expect from #TRX?
Buyers are in control, but there must be strong confirmations above immediate resistance lines for this forecast to be valid. The $0.060 support is crucial and validates the gains of October 14 that define the current price action.
Resistance level to watch out for: $0.065
Support level to watch out for: $0.060
Disclaimer: Opinions expressed are not investment advice. Do your research.
🔥Tron PRINT another $1B USDT. +285%🚀 is a technical target!📊 Hi friends! Tron print another 1 billion most likely for the big player (whale or investment fund) that let him opportunity to buy crypto. 🔥 This happened on October 24, just before Bitcoin's PUMP to $20800.
🚩 Why the TETHER (USDT) supply is a strong BULLISH signal and how you can use it to make money? I describe it in this educational idea.
If you take a look on the TRON chart you will see that this very technical altcoin. The breakout on the previous triangle(or pennant) lead the price to the new ATH. When I look at this triangle on the daily timeframe I think that the scenario with the triangle breakout can be repeated.
📊 The most important preconditions to open a long:
✅ false breakout of the key level at $0.05+sl collection of the biggest part of long traders. Whales bought a lot of TRX on that DUMP
✅ the large volumes on every dumps of TRX. Someone accumulate big position
🔥 squeeze to the local trendline or to the upper boundary of the triangle. It's up to your trading strategy. I share my personal advises only with my subscribers
🔥 bullish BTC
🚩 Short traders will become the fuel for this growth! The higher the price will grow, the more shorters will be liquidated.
📊 My main targets for the TRON:
1. $0.92 - key level
2. $0.129 - key level
3. $0.18 - key level
4. $0.25 - the technical target, according to the triangle breakout pattern
🔥 Possibly, TRX can make 24x but it depends on many factors. First of all is the bullish BTC and the beginning of the bull market.
🚩 Traders, remeber that you need to book your profit and then spend it. Trading is for making money and not about sitting in front of the screen 24/7.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
TRON (TRX) - October 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(TRXUSDT 1W Chart)
The key is whether you can climb to the 0.08034-0.08933 section.
To do this, it is necessary to confirm that it is supported and can rise in the 0.05358-0.06236 section.
(1D chart)
The key is whether it can find support in the 0.05989-0.06236 section and move higher than 0.06532.
Otherwise, it is expected to decline to around 0.05358.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(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.)
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Trx still trading in the Zone!It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario.
So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue.
I'm surprised not many people talking about Tron when it has such a large Asian and worldwide market! This is already Eth 2.0.
#Tron Primed for More Upsides, TRX Resistance at $0.065Past Performance of Tron
Tron is firm at press time, and there could be more upsides, reading from the candlestick arrangement in the daily chart. Even though TRX prices are lower in the past 24 hours, they are within the October 14 bull bar and trending above September 2022 lows at $0.059. As it is, buyers have the upper hand. There are higher odds of the coin surging above $0.065 in a buy trend continuation formation.
#Tron Technical Analysis
TRX prices are consolidating inside a bull bar, placing buyers at the upper hand from volume analysis. Still, conservative traders may want to wait for a clean close above $0.065, with rising volumes confirming the demand of October 14. Risk-on traders may load the dips, in that case, targeting H2 2022 highs at $0.072. If not, any drop below last week's lows may negatively impact traders, forcing the coin back to Q3 2022 lows.
What to Expect from #TRX?
The crypto market might recover, and TRX may ride the wave, lifting the coin from around 2022 lows. A signal pointing to recovering markets is when Tron pierces above September highs with expanding volumes, confirming the end of last week's gains.
Resistance level to watch out for: $0.065
Support level to watch out for: $0.060
Disclaimer: Opinions expressed are not investment advice. Do your research.