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Trxusdt

TRX ANALYSIS🔮 #TRX Analysis - Breakout Trading 🌟🚀 #TRX was trading in a "Cup and Handle Pattern" and here we can see that #TRX gave a great breakout. We can see a bullish move immediately or after a retest of neckline 📊📊 🔖 Current Price: $0.11728 ⏳️ Target Price:    $0.15096 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #TRX #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
2
TRXUSDT.1DBased on the provided market data, the cryptocurrency TRX (Tron) is currently trading at $0.11 against USDT (Tether). From a technical analysis perspective, the Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 55.83, 61.70, and 73.28 respectively. These values indicate that TRX is neither oversold nor overbought in the short term (4h), but it is approaching overbought territory in the daily (1d) and weekly (7d) charts. This could indicate a potential pullback in the future, but it also shows a strong upward momentum. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 0.00029, 0.0015, and 0.0082 respectively. The positive MACD value indicates an upward trend. The Bollinger Bands (BB) values suggest that TRX is trading within a relatively stable range, with the potential for volatility based on the BB values for 4 hours, 1 day, and 7 days. Looking at the support and resistance levels, the immediate support is at $0.10. If the price drops below this level, the next supports are at $0.098 and $0.095. On the upside, the immediate resistance is at $0.1177. If the price breaks this level, the next resistances are at $0.1244 and $0.1274. Based on this analysis, TRX is showing signs of a strong bullish trend in the short term. However, as it is approaching overbought levels, there is a risk of a potential pullback. It would be advisable to watch the support and resistance levels closely for potential breakouts or rebounds. Please note that this analysis is based on the current market data and can change with market conditions. Always do your own research and consider your risk tolerance when investing in cryptocurrencies.
by MarsSignals
Technical Analysis of TRXUSDTDear traders and investors, I would like to present a positive technical analysis for TRXUSDT, suggesting a bullish outlook based on current indicators. Key Indicators: Overall Trend: The overall trend for TRXUSDT remains upward, confirmed by multiple technical indicators. Strong Support: Recent support levels have held robustly, indicating strong demand at specific price levels. Moving Averages: Moving averages across different periods show signs of convergence, typically a positive indicator for the stability of the bullish trend. Trading Volume: Trading volume has exhibited an increase during recent upward movements, suggesting growing interest from investors. Points to Consider: Potential Breakout: The price appears to be consolidating in a narrow range, indicating possible accumulation before a new upward push. Possible Catalysts: Announcements of partnerships, development updates, or other TRX-related events could act as positive catalysts. Technical Confirmation: Wait for confirmation of the bullish trend through signals such as reversal candles, moving average crossovers, or strength indicators. Next Steps: Close Monitoring: Keep a vigilant eye on price movements, trading volumes, and news announcements that could influence the market. Risk Management: Implement appropriate risk management strategies, including the use of stop-loss orders, to protect your capital. Market Updates: Stay informed about general cryptocurrency market developments, as they can impact TRXUSDT. Conclusion: Based on the current technical analysis, the outlook for TRXUSDT remains positive. However, keep in mind that markets are dynamic, and it's always wise to remain flexible in your approach. As always, it is recommended to consult different sources of information and, if possible, seek professional advice before making significant decisions. Best of luck in your trades!
Long
by CRYPTO_SETUP
2
TRX/USDT Bullish Potential from Support Zone? 👀🚀TRON Analysis💎 Paradisers, let's focus on #TRXUSDT as it’s currently displaying a compelling pattern. The asset is exhibiting signs that suggest a bullish continuation from its support zone. 💎 Reflecting on #TRON recent market behavior, it has adeptly maneuvered through a descending channel, breaking upwards to signal a positive trend. At present, if TRX successfully retests the key support at $0.10358 and maintains its momentum above this level, there’s a high probability of witnessing a bullish move. 💎 This bullish sentiment is further bolstered by TRX’s strong momentum above the EMA. With sustained upward momentum, AMEX:TRX is likely to aim for the significant resistance at $0.10857. 💎 Additionally, keep an eye out for a possible bullish recovery from a slightly lower support level at $0.10244. However, a break below this level could signal potential difficulties in continuing the bullish trend. 💎 Equally important is being prepared for a shift in market dynamics. If #TRX dips below the $0.10244 support level, it could indicate a notable downward movement in the market. 🌴💰
Long
by MyCryptoParadise
2
SasanSeifi 💁‍♂TRX /USDT 4HHi there, As you can see in the 4-hour timeframe, the price has had a nice run-up from the demand zone at 0.096, growing 17%. However, it has since been corrected back to the support zone. It's still in a range-bound pattern, but there are a couple of possible scenarios that we can consider. One possibility is that the price will continue to be range-bound for a while longer. If it can maintain the support and resistance levels at 0.10300/0.10, it could then break out to the upside and reach the next resistance level at 0.10700. If it breaks through this level, it could then reach the next resistance level at 0.11000. Another possibility is that the price will break down from the support level at 0.096. If this happens, it could then reach the next support level at 0.097. 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
Tron, 5 days consolidationAMEX:TRX inside ascending triangle and already touch fibonacci support 0.10212 this coin already enter accumuation with 5 days and 12 hours consolidation, you can see I also draw bullish trendline, in the next hours (not more than 12 hour), this coin will rally to reach triangle resistance, maybe with little a pump, that indicate the consolidation time already over. The worst case is fibonacci support at 0.10212 break down, if this happen, I still have ascending triangle support trendline. My entry : .10310 current price .10212 fibonacci support .10018 Higher low Target : .11017 Ascending triangle resistance Risk every entry : .00100 Risk reward ratio : 6.54 Actual profit percentage : 654% Good luck, happy trading.
BINANCE:TRXUSD.PLong
by AzrulAzir
2