Tron TRX price knows how to surprise with its "maneuvers"The TRXUSDT price often moves differently from the rest of the market.
This may be because Justin SUN is behind the project, and he likes to "impose his own game" on the market. He is an interesting character in the crypto industry, you can read various investigations and stories about him in your spare time.
So, the other day, the TRXUSD price hit a strong mirror level of $0.09. Now TRX price is undergoing a correction.
If you believe that Tron's growth trend has not yet reached its culmination and will continue to move in a similar manner to 2020, then buying TRX closer to $0.072 is for you.
However, if the TRXUSDT price consolidates below $0.068, the decline may continue, at least to the range of $0.052-0.055
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Trxusdtechnicalanalysis
TRX fall out of the bullish triangle ?"Over the past days, the TRX cryptocurrency has been steadily constructing what appeared to be a promising bullish triangle pattern. This technical formation, characterized by its converging trendlines and diminishing price volatility, had ignited anticipation among traders for a potential upward surge in value.
However, recent market developments have shifted this optimistic sentiment. The TRX token seems to have broken free from the confines of the bullish triangle. This breach marks a pivotal moment, suggesting a potential change in the prevailing market dynamics. The breakout from the triangle indicates a shift in the balance between buyers and sellers, and it's crucial to assess the implications of this movement.
As the breakout unfolded, the TRX price underwent a testing phase, revisiting the ascending trendline that had previously guided its upward trajectory. This retest of the trendline can serve as a critical confirmation of the triangle's breakdown, potentially signaling a shift towards a downward trend. Traders and analysts are now closely watching whether the price manages to sustain itself above this level, which could indicate a potential recovery, or whether it succumbs to the pressure, implying a further decline in value.
Crypto #TRXUSD Buy TF H1. TP = 0.07589On the hour chart the trend started on June 1 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.07589
But do not forget about SL = 0.07398
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
Tron [TRX] to face price rejection at range highTRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May.
Price action has hit the range high and could expose TRX to more selling pressure.
A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan).
The zone was a crucial resistance in the second half of April but was flipped to support in May.
Entry: $0.07074 (below range high)
Target: $0.06700 (resistance-cum-support)
Stop-Loss: $0.07176 (above range high)
R:R - 3.9
TRON TRX price is under serious threat. Be careful!At first glance, the price of TRXUSDT has finally broken out of the 2-year consolidation and even managed to test the consolidation from above.
With any other cryptocurrency, after such a pattern, one could say with great confidence that it is safe to buy it, as the price is likely to continue to rise.
But not in the case of TRX, because yesterday the SEC filed a lawsuit against Justin Sun, the founder of TRON, accusing him of market manipulation, selling unregistered securities, and fraud.
The only question we have is: what took so long? After all, these sins of San's have been going on since at least 2017, when it was "pump season".
So if you want to buy TRX now, you better think twice about whether you need it.
If you still want to buy TRX, then remember what happened to the price of Luna and FTT.
Who knows what will come to light during the trial and investigations?
Well, Justin Sun can only guess)
And if he did know something and he is smart, he could easily sell off his TRX for 2 years while the price was in consolidation.
There are many questions and few answers, but soon there will be more.
We have shared our thoughts, and the decision is, as always, up to you.
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TRXUSDT Ready For Takeoff!TRXUSDT Technical analysis update
If the price breaks above the resistance line then we can expect a good up move in Tron.
Buy zone: Below $0.062
Stop loss: $0.054
Take Profit 1: $0.068
Take Profit 2: $0.077
Take Profit 3: $0.092
Take Profit 4: $0.115
Always keep stop loss
Thanks
Hexa
TRXUSD- Short Position- DYORHere is a technical analysis considering all the drama going on with Justin Sun and Huobi Crypto Exchange. Tron plunged more than 8% today, USDD Depegs and also, Huobi Crypto Exchange has said it will lay off hundreds of staff in coming weeks. Justin Sun is one of their advisors.
DYOR before trading based on this chart. Not liable for any of your personal loses due to this analysis.
Trx set to make quick recovery from break to the downside.Back in October 20th I mentioned Tron had a chance to breakout to the downside and if so it will make a quick recovery back to the upside. So far we've had this temporary setback as foretold, and therefore we expect a quick recovery from here on. So far looking promising 👌 😀
Tron TRX price at the start of a strong trend moveTRXUSDT price has been demonstrating one of the longest consolidations since April 2021, 20 months.
You understand that in consolidation: those who believe in growth are always buying at different levels, and those who believe in depreciation TRX are actively selling their portfolio.
So when the TRXUSD price breaks out of this consolidation, there will be a strong and prolonged price movement in one direction.
The ambitious goals of longs are growth to $0.09, and if they are lucky, to $0.13
Benchmarks for shorts - falling to $0.035, and if lucky, to $0.0175
Which scenario Tron price move is closer to your heart? Whose side are you on?
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TRX : Price Just Tested A Very Strong Weekly Support ZoneTRX: Price Just Tested A Very Strong Weekly Support Zone
After the price moved down like all the cryptocurrencies now we can see a small
pause from the previous week.
The support area near 0.046500 is pushing the price up again.
I am looking for the price to rise further during the coming weeks considering
that 0.046500 didn't let the price decrease more.
Targets:
🎯 0.058441
🎯 0.065252
🎯 0.070451
Thank you and Good Luck!
📈✌TRX Daily Long Position✌📉BINANCE:TRXUSDT
BYBIT:TRXUSDT
KUCOIN:TRXUSDT
💥Three Drive pattern💥
first, please take a look at my previous analysis and positions.
between now and the yellow area, you can open a long position in two steps.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP1-2-3 are on the chart.
The optimum stop-loss is below the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
TRX | TRON | How Can The Price Go Up Again?TRX | TRON | How Can The Price Go Up Again?
TRON is very good crypto compared to many that are in the market.
However, this is a personal opinion:)
From the technical perspective, the price is moving within a "Descending Channel"
Price can actually do an ABC movement or ABCDE movement...
In both situations, we need the price to bounce above the pattern in order to initiate
any bullish movement.
On the other hand, the price has some chances to develop as ABCDE movement.
The "E" wave could be completed near to 0.058049 if that happens...so the price can move down again.
Targets:
🎯 0.064703
🎯 0.066405
🎯 0.068236
🎯 0.071469
Thank you and Good Luck!
TRXUSDT 3d Two TRX price motion scenario by the end of 2022TRXUSDT is probably one of the most indifferent or anarchic trade couples. It took 2 months since the publication of our previous idea, and nothing has changed on the schedule.
The price of TRXUSD did not respond to either the growth or the fall of BTCUSDT price and the crypto market of all, but simply moves steadily to the right.
So today we will only refresh the conditions from the previous idea.
1. Currently, the TRX price is traded above $0.06, respectively, the assumption of accumulation of a large position in force.
The first possible growth stage is possible up to $0.09.
In the event of a crypto market into a growth trend, the Tron price can continue the growth of the blue scenario to $0.17.
2. In the event of a sharp drainage of cryptocurrencies, you can put limit orders for purchase in the liquidity area of $0.047-0.052.
If from this liquid zone the price does not sharply up, but will try to fix below it, then the TRX will have to come out, because the chance to collapse more down will be very large.
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