Trxusdtechnicalanalysis
TRXUSD AnalysisTRX slipped down on its charts over the last 24 hours and was trading at $0.102. The altcoin had registered a multi-month high yesterday, however, it failed to topple the $0.104 resistance. Its immediate support zone lay at $0.0958, the additional support lines stood at $0.088 and at $0.0816. it's been three weeks since TRX last traded around $0.0816
Buying pressure fell near the 60-mark on the Relative Strength Index after the asset was overbought over the last 48 hours. Awesome Oscillator registered red signal bars. MACD’s green histogram receded and a red histogram was visible.
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TRXUSDT Is about to Breakout of the Triangle
Welcome back Traders, Investors, and Community!
Hi Traders, TRXUSDT on H4 if it breaks above the Resistance line there would be a possibility for long. If it breaks below the Support line it might go around 0.059 before it goes up
⬆️Buy at 0.059 or Buy at Resistance Breakout
⭕️SL @ 0.055
✅TP1 @ 0.073
✅TP2 @ 0.082
✅TP3 @ 0.092
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TRX / TRON IDEATRX going in the dip.
but it shows unbvreakable support, and now on its way thou bounce back.
seeing that tron's CEO working on many projects and buy Bitcoin in the dip also with some purpose, the chart immediately show positive response. if Tron could break its key resustance, it could create all time new high if i see from the pole before the dip, this just on my opinion, but possibly be true.
TRX 1D Draws "Head and Shoulders" and down?Let's take a look at the global picture of TRXUSDT
It can be seen from the graph that from September 2020 to February 2021 TRX was actively purchased in the range of $0.025-0.035.
And then, after such a consolidation, a logical shot up. The market managed to raise the value of TRXUSD by 500% - whether it is a lot or a little for TRX investors we don't know, we are simply stating a fact.
During the last month, the price of TRXUSDT has been drawing a pattern similar to H&S. Falling volumes during the last trading month strengthens the possibility of working out this pattern.
What we can expect from the Tron price in the future?:
1) The critical level from above $0.155, if it cannot be broken upwards, then a strong fall in the TRXUSD price cannot be avoided.
2) The base of the theoretical H&S is in the area of $0.10 and if the price pierces it down , then the first liquidy zone that will meet a fall will be $0.05-0.06
3) Most likely in the zone of $0.05-0.06 there will be a consolidation, where it will be decided: the price of TRXUSDT will rise again to $0.10 or fall even lower to $0.025
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TRON TRX - Breaking Out of Ascending TriangleThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Expansion in Volume
3. Price forming an Ascending triangle pattern
4. Following a rough uptrend line
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
TRON ( TRX/USD ) - SWING ANALYSISTRON - The price is rising from last week low it bounced back very strongly, Momentum is in the favour of bulls and it's seems bullish at this price range as well, My approach will be a buy position in this and for the reference I have also drawn the path way to the top and support and major support is also there on the chart. Trade or invest as per your risk appetite.
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TRX/USDT = potential 48% setupHello, Traders!
TRON corrected only 38% of the downside move (0.382 Fibo)
Cumulative delta analysis on the higher timeframes shows the presence of demand from the buyers.
Entry in the position can be sought in the range of $0.120 - $0.128
Stop-loss can be placed under the price value of $0.11.
Targets based on the Fibonacci retracement level:
$0,135
$0,146
$0,160
$0,180
Good luck and watch out for the market
P.S. This analysis is created for educational purposes and shall not be considered as a piece of financial advice
TrxUsd- New leg down?After finding strong support at 0.09, Tron started to correct only to encounter strong offers at 0.13
A new leg down could follow from this point on this coin and a drop to 0.66 liquidity zone is not out of the question
0.09 recent low also offers support.
I m bearish as long as the price stays under 0.13