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TRXUSD trade ideas

TRX Year-Long Triangle Concluding (Elliott Wave/Neowave)TRX has been trading in a relatively tight range since last year, that range is coming to a point now and it seems like, based on EW structure, that this triangle should break up within the next few weeks. If it doesn't break up in the next few weeks then we'll probably see it continue to consolidate into the tip of the triangle until the end of the year, before breaking up. If this is the end of a pattern which began in 2018, as shown on my chart, we should see a explosive and near vertical move out of this range. Typically, when volatility reaches a very low point, it is often followed by a massive increase in volatility. This combined with USDD potentially burning a huge amount of the supply of TRX in the future could lead to prices in the double or even triple digits over the next year.
KRAKEN:TRXUSDLong
by Intuit
5
TRX & Cryptos TrendConsolidation phase of the minimums. TRX, like many other cryptocurrencies (including BTC), will initiate a phase of consolidation of the lows that will last throughout the month of August. It could go further until mid-October. After the double bottom, the upward retracement will begin following the declines that began last October (the beginning of the war) which will give great but vain hopes. The new BullRun will start from the end of 2023 so until then it will be an ups and downs of retracements and accumulations. We can call it stationarity.
BINANCE:TRXUSD
by Victuarski
TRXUSD ❕ bullish flagTRON came up out of the downward channel. The TRC-20 network has seen sustained high activity. Justin Sun's Stablecoin USDD has almost recovered its peg to the U.S. dollar. The price of the token is above liquidity. The current TRX movement looks like a bullish flag. Trading volumes have risen on the formation of the flagpole, but the flag itself is forming on declining trading volumes. The 50MA may soon break up the 100MA on the 30m Timeframe. I expect the Tron may continue to rise, after testing and fixing above the resistance level.
BINANCE:TRXUSDLong
by Solldy
3