TRXUSD.P trade ideas
TRX / USDHello everyone🙋♀️ , welcome to my new analysis 🥰
daily-log of TRXUSD : TRX started to decline again after a good growth to the level of 0.13 and has reached the price of 0.1016 so far and the failure of support will expect a drop to the price of 0.097.
In the short term, TRX is still lower than the 50- and 21-day moving averages, and if it can respond to this support level, it can stabilize higher than the moving ones.
Short term resistance will be 0.1142 in case of any price growth.
TRON (TRX) 4H NEAR FUTURE PREDICTIONTechnical Analysis Summary
TRX/USDT
TREND ANALYSIS
We have 2 Downward trend in red color
We have 1 daily Uptrend in green
The wider the trend the stronger the trend
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Hourly levels can be found on the 1H trx chart.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
TRX/USD (30MN) Bullish wave We2Hi Traders
TRX/USD (30MN Timeframe)
A HIGH probability, entry signal to go LONG will be given with the upward break of 0.1128 after the market found support at 0.1094. Only the downward break of 0.1094 would cancel the bullish scenario.
Trade details
Entry: 0.1128
Stop loss: 0.1094
Take profit 1: 0.1159
Take profit 2: 0.1199
Score: 8
Strategy: Bullish wave We2
Monthly Contracting Triangle CountThis contracting triangle with reverse alternation is probably the better count compared to my last chart, both are still possible but this is my new primary count because it can also be applied to BTC, ETH, and other cryptos. It also fits better on the higher timeframes and it explains why this drop was unusually violent and out-of-the-blue, which means it's likely to get retraced completely, and when the REAL bull run begins things will get a lot more exciting than they did this last run.
This is a very bullish count, but it implies we're still in the correction which began in 2018 and we will probably drift up/sideways for the next 9 months while wave-E finishes up, and most cryptos could even hit ATH this year. After wave-E is finished, TRX will probably begin its vertical journey towards $10+ in 2022. Most cryptos will probably follow a similar pattern of drifting up for the rest of the year and then going vertical in 2022.
My guess for the catalyst is SEC v Ripple going to trial and completing in Q2 of 2022, with a favorable ruling that Ripple's marketing of XRP was legal and not under the SEC's jurisdiction. A favorable trial outcome will allow titans of crypto like Ripple, Tron, EOS, and other developers with extremely deep pockets to begin massive marketing campaigns without fear of violating US securities laws.
It also seems likely that the crypto market has already reached the bottom because wave-a of E is 61% of the price of wave-C, but I wouldn't completely rule out a trip to under 6 cents until TRX moves above 10 cents.
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1230).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. TRXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.1299
TP2= @ 0.1361
TP3= @ 0.1415
TP4= @ 0.1482
TP5= @ 0.1557
SL= Break below S2
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💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1230).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. TRXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.1299
TP2= @ 0.1361
TP3= @ 0.1415
TP4= @ 0.1482
TP5= @ 0.1557
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
TRON | UPTREND | From the Past We learn the Future... LONG Welcome back Traders, Investors, and Community!
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