TRX fuelling up for breakoutGoing by the chart, TRX is moving in an Ascending Triangle.
Going by the rules, looks like TRX has already touched point E on the chart, and in a day or two it should breakout soon.
Potential entry zone should been between 0.08400 - 0.08550 and keep a stop loss at 0.8309 (3% Loss).
I have also given potential profit booking zones.
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Trxusdt
TRON analysis in 2H time frame* TRON is in a tight consolidation between it's resistance around $0.09060 and the below trend-line.
* The below trend-line is working as support for the price.
* If the price breaks the above resistance we can expect a rally till $0.0960.
* TRON is bearish below the lower trend-line (support).
TRON - 3.5 Year Bullish Wedge Near Completion, Get Ready!TRX isn't on many radars as it has been pretty dormant the past couple years, but long periods of low volatility often lead to powerful spikes. You can see the falling wedge in pink that TRX has been bounded by the past couple years. But Bitcoin's latest surge has brought some life to alts and has TRX knocking on overhead resistance. You can see that the weekly MACD is very bullish as it finds support above the zeroline. Once resistance is broken, I think TRX will go crazy. Barring a BTC collapse, I think Tron is poised for a massive breakout. I know the volatility TRX brings (see Dec 2017), so I'm making sure I'm on this rocket ship before it takes off!
Let's buy TRXUSDT (Tron) TRXUSDT price went up and touched 0.096 last week , after touching that resistance , price made a clear pennant pattern on 4h chart after a good bullish trend
which signals continuation of bullish trend
In order to value our analysis , look at the RSI indicator
RSI was making lower highs as the pennant pattern was shaping . this scenario it self validate our pennant pattern
also now we can see that RSI broke it's falling trend line and signals bullish at the same time that price also broke upper trend line of our pennant pattern and had a breakout
with all that I can see a good entry point for TRXUSDT here and I think we can see 0.1 for this cryptocurrency
THIS IS JUST AN ANALYSIS...
TRX/USDT Preparing for a pump - Possible 50%TRON is currently at the major support. so far pumped 95% since the end of July. Looking bullish at the moment.
Target 1 - $0.11146
Target 2 - $0.11893
Target 3 - $0.12536
Target 4 - $0.13823
This is not financial advice please DYOR and place stop loss below $0.08188 or $0.07066
TRX/USDT : Expecting a Bullish Movement.Hi every one
TRON/USDT
TRX/USDT has managed to Break the Descending channel which It was stuck in. Now the price has a Great chance to do a Good Bullish movement. It can reach the Resistance shown In the Picture (around 0.9) there is a Good chance that the price does a pullback to the channel before continuing the Bullish Movement.
Summery:
-TRX has broken the Descending channel
-The greatest Resistance for TRX is around 0.08$
-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!
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TRXUSDT (Tron) - Coin of the Week TRON is a blockchain-based operating system with the goal of making blockchain technology appropriate for everyday usage. Unlike Bitcoin, which can handle up to six transactions per second and Ethereum, which can handle up to 25, TRON says that its network can manage 2,000 transactions per second. This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018.
TRON has broken its objectives into six stages. Delivering simple distributed file sharing, incentivizing content production through monetary incentives, letting content producers to create their own personal tokens, and decentralizing the gaming industry are just a few examples. TRON is also one of the most popular blockchains for building decentralized apps.
Technically, when we look at the 4h chart we see an up move that started at the end of July and now it reached the resistance zone at 0,091-0,094 USDT per TRX. The higher probability move for this pair is a retracement to the blue trendline marked on the chart and then a continuation to the upside. The price could break the resistance area and retrace after. Potential targets for retracements are the blue trendline and the minor support area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TRXUSDT Breakout InboundTRXUSDT is squeezing upward and is in the current supply zone . Once broken there is little resistance stopping this until 22% above the current price!
I have marked out the two levels best for buy entry following this play.
I will be personally placing my entry around the safest buying signal with strong price action and high volume .
Trade safe and comment what you think !