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Trxusdtechnicalanalysis

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
Short
by AMBCrypto_TA
1
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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45
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? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
46
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!
Long
by KlejdiCuni
15
📈✌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✌
Long
by CrazyS
2
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!
by KlejdiCuni
5
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. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
21
TRXUSDT Consolidation more than 1y and its possible consequencesBefore you is the global chart of TRXUSDT on a 3-day time frame. At a time when most altcoins show a stable downward trend for more than a year, the price of TRXUSD is consolidating in the upper half of the all-time price range. If at the beginning of the consolidation, the price movement in the consolidation was 300%, now the possible price movement within the consolidation triangle is 50%. Further, in the consolidation, "the spring will be compressing" , and this may drag on until the fall, or even until the end of the year. But when it shoots, the impulse will be very strong and long-lasting. The chart shows a strong liquidity zone $0.046-0.052. F or the first time, sellers and buyers actively competed in this zone in May - July 2021. During the May fall in 2022. - the TRX price confidently growing from $0.07 to $0.09, when parallels 90% of alts were mercilessly falling. However, already in June 2022, the TRXUSDT price caught up with the general fall of the crypto market, but a large aggressive buyer did not allow the price to update the minimum from May 2021. (FUD around the stablecoin Usdd) Summarizing : If in the coming days-weeks the TRXUSDT price will not be allowed to fall below $0.06, then know - it is being accumulated by large buyers. The minimum goal for growth is $0.09, and if it breaks higher, the Tron price will be able to fly up to $0.135-0.14 If you see the TRXUSD price fixing below $0.52, you will most likely have to flee from the Tron, because there will be a threat that the fall will accelerate to $0.25-0.35 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37