Trxusdt
Tron Coin...22%-26% Push IncomingThere are 2 scenarios that we can run into with TRX/USDT...
1st scenario: TRX/USDT has broken out to the upside of the local trend line and is retesting the trendline. Once/If the price pushes past the current supply showing strong volume this could be the start to a bullish movement with a 22-26% gain towards the overall supply!
2nd scenario: If TRX/USDT breaks below this trendline once again this will be the start to a move towards one of these demand zones. Look for high volume to find the bottom of this possible pullback as well as strong price action.
Let me know what you think!
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!
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TRON - Break Or Bounce 👀Tron is approaching a key level where we have a bounce or break scenario.
Bounce = price rejects the structure level and comes back down.
Break = Price breaks through the structure level and continues higher.
Watch for price to keep pushing up to the 0.0825 and then watch price action to tell us where it's going next.
TRON - Break Or Bounce 👀Tron is approaching a key level where we have a bounce or break scenario.
Bounce = price rejects the structure level and comes back down.
Break = Price breaks through the structure level and continues higher.
Watch for price to keep pushing up to the 0.0825 and then watch price action to tell us where it's going next.
TRX Update. (SHORT TERM)Not a financial advisor.
An up tread created a clear Ascending channel in 1h with the market falling.
Technically, there is a previous Support area that can break down in the next few days, with prices breaking down, and there are a number of support areas where prices can fluctuate.
Other confirmations will also influence the implementation of the relevant analysis.
TRXThe 70-day resistance trend line is well broken :)
If it can cross the 0.068 resistance, it can be expected to move towards the target of 0.082 to 0.089 in the short term and then move towards 0.11 and 0.13 cents.
My buy is in the range of 5 cents and for the medium term with a target of 0.20 to 0.22 cents.
trx requires patience.
Possible TRXUSDT Targets - 30 USD by the end of this waveIn one version for TRX charting, one would assume that TRX topped in its wave 1 in April 2021 at about 0.166, when bitcoin realized its ATH .
following the market correction, TRX retraced to 0.381 FIB and held that support level quite well.
If things continue well, the long term targets for TRX are shown in this chart, hitting the 1.618 FIB at the end of wave 3, retracing to Fib 1 (might go deeper as wave 2 was not that strong) , before realizing a new ATH .
PS: this chart ain't a financial advice
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