TRON Breaking Out Off Strong Support - Good Potential LongI really like the potential of this long entry as TRON breaks out off of strong support. Reason being is that even if the price reverses after the breakout, good support is there. TRXUSDT has one of the stronger USDT charts out there following BTC's collapse. It could indicate that the bulls are ready to push the price higher. The only caveat that could foil this plan is if BTC continues to sell off so have your SL ready below support just in case.
Trxusdt
TRX USDT LONG #TRXUSDT Update:
$TRX currently trading at 0.08586$
And $0.09120 IS the next resistance.
So what now..?
first step , TRX needs to touch the trend line (0.08358____0.07747____0.06334)
second step , TRX will go up to (0.09120$___0.11863$___0.13761$)
(low possibility) But If TRX breaks the $0.05919 support level thenTRX is entered in a bearish zone and My Target will be $0.04954
Hope this will not happen.
My Levels:
Support:0.08358$___0.07748$___0.06334$
Resistance: 0.09120$___0.11863$___0.13761$
longtime target: 0.13761$(70 days)
sl: 0.5919$
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good luck :)
Ready for the $ 1 Theron? When?The main issue in any investment, and more importantly the points of sale, are the points of purchase. As you can see in the chart, Theron has two main potential buying areas in Pullback.
Everything will depend on bitcoin reform.
But the answer to the main question: Will Theron see $ 1?
Yes and no! If you are investing in a short term, no. But if you want to invest with a vision of 6 months to a year, this is not far from expectation!
My favorites:
0.091633
0.07512
0.0824
TRON TRXUSDTTRX, as you can see, has been in an uptrend channel, basically the uptrend channels are breaking from the floor. Which is clear here.
TRX can pullback on the break line marked on the chart and correct again.
That is why we have to wait. Because it may return to its uptrend channel. Then this exit from the channel is not considered a failure and there they will say we had a fake breakout.
So we are waiting to see what he does with the break line and pullback! If approved, Goals 1 and 2 could be our target destinations.
First the load signal, then the confirmation signal, then the trade.
Be profitable.
TRX/USD - global. The point is that price has 2 phases (aka Wyckoff theory) : accumulation and distribution.
Previous cycle of phases the prica has passed. So current phase is accumulation.
Using 200MA we can see some similiarities with last phase.
Also Fib circles used for searching possible ressistence.
I am long for Tron.
vs BTC :
Will this be the beginning of a growth ??!Hi everyone
Based on my previous analysis of bitcoin, the first scenario for bitcoin is running and we have to wait for it to reach its goals.
And from here, due to the declining trend of bitcoin dominance, we can see a growth for altcoins. . .
But it will be different for Theron, because we are at a very good point to enter
what is your opinion ?
TRX/BTC 4HOUR UPDATE trx/btc trade setup
2x to 5x
trx/btc long entry :-213,219
traget:-235,250,262
stoploss :- 205,
Remember: This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
happy trading ...
thank you...
TRON - Overlook ✅TRON has two main supports on the way down: one local for short term and one key support for long term which is the area we've consolidated on for a while.
I said on the way down because TRX also is going through corrections, just like the whole market, and we're not sure when it'll stop since there are strong sell volumes on the market.
Not a good time for opening long positions at all, not safe at all.
Use this chart as your trade setup for now.
Current Market Price: $0.09321
Good Luck
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TRX/USD - Path to $0.20 🚀TRON macro view looks bullish as the trend is clearly up (higher lows).
If we count the waves, we seem to have completed all waves apart from the last fifth wave up. Once that is done, we may have a longer cool-off.
Price appears to be around half-way towards the top on this last wave. It's hard to guess the top, but I'd bet anywhere around $0.20 is a good place to secure profit. Some possible resistance levels are on the chart.
I don't exclude another re-test of support which would present a good buy opportunity before the last pump up. Then we need to re-assess the chart.
On weekly timeframe, indicators are bullish but I don't like the lacking volume. Hence, why on daily it does look like tron wants to re-test our support before we push higher again. So best to buy then if you are interested in longing Tron. If this plays through, you can double your entry, not bad.
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TRON at a 13% Discount - Potential Entries Before Next Leg UpA quick post that I thought was worth mentioning. Tron reset the RSI correcting ~13% since last night. When I saw that it was sitting on a confluence of support level from several different trends, I couldn't control myself and bought some more TRX at this 222 sat level. Bitcoin just had a little shakeout to $46750, but maintained it's bull flag. If it can show some strength and have a solid breakout beyond $48,000, I think we can expect a bullish continuation from TRX. The price could really fly if it breaks out against BTC.