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Trxusdt

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
$TRX/USDT 2h (Binance Futures) Rising wedge facing resistanceTron has recovered nicely but could be preparing for another leg-down while crypto market is still uncertain. Current Price= 0.08128 Sell Entry = 0.08232 - 0.08664 Take Profit= 0.07193 | 0.06525 | 0.05570 Stop Loss= 0.09456 Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86 Expected Profit= +29.72% | +45.52% | +68.14% Possible Loss= -23.86% Fib. Retracement= 0.382 | 0.618 | 1 Margin Leverage= 2x Estimated Gain-time= 1 week
Short
by TradingOn
2
TRX/UST - Long term 194% setupHello, Traders! The market continues to be under selling pressure. Altcoins are losing value faster than BTC, which is accompanied by an increase in Bitcoin dominance. This situation can be used to buy the interesting altcoins at a significant discount and to hold a position for several months. The price of TRX is testing the upper bound of the $0.0495 - $0.0650 price range, from which the asset was put in the trend in February-March 2021. We may look for buy entry closer to the lower border of this range between the levels of $0.0495 - $0.0550. Stop-loss can be placed below the level of $0.036750. The targets for such purchases will be price levels of $0,093 $0,117 $0,146 Good luck and watch out for the market! P.S. This is an educational analysis that shall not be considered a financial advice
KRAKEN:TRXUSDLong
by UnknownUnicorn10064030