TRXUSDT trade ideas
trx about to explodeWith all other cryptos in the dumpster, tron has atually maintained its price and has been increasing steadily. If past patterns are any indication, this trend will turn parabolic (most likely in my opinion) or reverse spectacularly.
TRXUSDT MAKE lower low and lower highTRXUSDT MAKE lower low and lower high that's why i am taking short entry
TRX just broke a massive zoneTRX just broke a massive support/resistance zone showing signs of strength!
✴️ Tron | Is The Top In? Went SHORT This Morning...Tron has been growing since November 2022, together with Bitcoin and most of the Cryptocurrency market.
Total growth to 14-Jan 2024 amounts to 160%... I am wondering, is this the top?
Because if it is it can mean that Bitcoin's top might also be in and what follows next is the down wave.
Here is the major ascending channel with more than a year of sustained growth:
Let's follow by giving this chart a closer look and see if there are signals pointing to a market top.
As we zoom in (main chart above), easy to see that the rise stops completely on January 14. Notice that the day closed red and the price level hit is the same as back in December 2021 (not shown here).
This is not a major signal by its own but today we have a lower high and I can see prices starting to drop. The week is also about to end, which would confirm a daily and weekly lower high after major growth.
Then we have the RSI, with bearish divergence more than two months long.
The RSI peaked in November 2023 while TRXUSDT continued to grow.
Regardless if we are right or wrong, this is a great setup -perfect timing- for a short.
Very low risk (tight stop-loss), great potential on the way down.
Thanks a lot for your continued support.
Namaste.
looking super bullishThree little waves with increasing strength looks like this could make a nice breakout very quickly.
Tron(TRX): Will We Get Rejection? / Time To Short?TRX is feeling pushy here after having that "fakeout" movement near the upper resistance zone.
We had rejected the higher zones here, and now the price is trading slightly below the resistance. We want to see that zone controlled by bears, which would mean we will see a potential movement to EMAs.
Swallow Team
TRX shows relative strengthAnother follow-up idea for TRX. I won't stop being bullish on TRX :D
Bought more TRX today.
You think Justin is a fraud?Good. They can push until you think he is not. I bet very few people have paid attention to this chart lately. Although it is one the best.
TRON looks like it wants to make a run northward!If Tron can breakout of the .1106 level, it might be able to run hard for a bit. It's above the 50 DMA and the 200 DMA on the 15 min chart as we speak.
TRXUSDT - 4HIn the four-hour time frame, according to the strong downward momentum of the price movement and selling pressure in the market, if the range of 0.1065 units is broken and the price stabilizes below it, the price may fall to the range of 0.1040 and in the case of the strength of the range of 0.1025 units.
Otherwise, the possibility of price increase up to the range of 0.1110 units.
TRXUSDT.1DBased on the provided market data, the cryptocurrency TRX (Tron) is currently trading at $0.11 against USDT (Tether).
From a technical analysis perspective, the Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 55.83, 61.70, and 73.28 respectively. These values indicate that TRX is neither oversold nor overbought in the short term (4h), but it is approaching overbought territory in the daily (1d) and weekly (7d) charts. This could indicate a potential pullback in the future, but it also shows a strong upward momentum.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 0.00029, 0.0015, and 0.0082 respectively. The positive MACD value indicates an upward trend.
The Bollinger Bands (BB) values suggest that TRX is trading within a relatively stable range, with the potential for volatility based on the BB values for 4 hours, 1 day, and 7 days.
Looking at the support and resistance levels, the immediate support is at $0.10. If the price drops below this level, the next supports are at $0.098 and $0.095. On the upside, the immediate resistance is at $0.1177. If the price breaks this level, the next resistances are at $0.1244 and $0.1274.
Based on this analysis, TRX is showing signs of a strong bullish trend in the short term. However, as it is approaching overbought levels, there is a risk of a potential pullback. It would be advisable to watch the support and resistance levels closely for potential breakouts or rebounds. Please note that this analysis is based on the current market data and can change with market conditions. Always do your own research and consider your risk tolerance when investing in cryptocurrencies.
TRXUSDTmy entry on this trade idea is taken from a point of interest above an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
Technical Analysis of TRXUSDTDear traders and investors,
I would like to present a positive technical analysis for TRXUSDT, suggesting a bullish outlook based on current indicators.
Key Indicators:
Overall Trend: The overall trend for TRXUSDT remains upward, confirmed by multiple technical indicators.
Strong Support: Recent support levels have held robustly, indicating strong demand at specific price levels.
Moving Averages: Moving averages across different periods show signs of convergence, typically a positive indicator for the stability of the bullish trend.
Trading Volume: Trading volume has exhibited an increase during recent upward movements, suggesting growing interest from investors.
Points to Consider:
Potential Breakout: The price appears to be consolidating in a narrow range, indicating possible accumulation before a new upward push.
Possible Catalysts: Announcements of partnerships, development updates, or other TRX-related events could act as positive catalysts.
Technical Confirmation: Wait for confirmation of the bullish trend through signals such as reversal candles, moving average crossovers, or strength indicators.
Next Steps:
Close Monitoring: Keep a vigilant eye on price movements, trading volumes, and news announcements that could influence the market.
Risk Management: Implement appropriate risk management strategies, including the use of stop-loss orders, to protect your capital.
Market Updates: Stay informed about general cryptocurrency market developments, as they can impact TRXUSDT.
Conclusion:
Based on the current technical analysis, the outlook for TRXUSDT remains positive. However, keep in mind that markets are dynamic, and it's always wise to remain flexible in your approach.
As always, it is recommended to consult different sources of information and, if possible, seek professional advice before making significant decisions.
Best of luck in your trades!
TRXUSDTBINANCE:TRXUSDT analysis
I'm not interested right now but I'm looking for a short opportunity.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
Don't forget to 🚀 and comment.
Signal again in high & low(TRX)❤️❤️Thanks for boosting 🚀 and supporting us!
📊 (Entry) : 0.10233(buy)- 0.10832(sell)
🔴 Stop Loss : 0.1(buy)- 0.11035(sell)
🎯 Take Profit : TP-1 = 0.10357 (TP-2 in entry reverse position)
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Tron sell Trx so hard but can 10% sell🔴 i think so. expect correction from this hard currency. Of course lovely
TRXUSDT - Bullish Divergence - Double bottomBINANCE:TRXUSDT has formed a double bottom after showing bullish divergence on the RSI. Expecting price to continue the bullish momentum!
Bullish opportunities in the Cryptosphere?DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Tron TRX aiming for 0.13 short termBullish pennant, break out, retest, go! I just put it out here to see how this turns out.
TRXUSDT # 00 ( Long Shut view of BULLISH rally !! )Hello dear traders .
Good days .
On monthly Bullish Gann Square , after pass 0.325 Gann Time zone , TRXUSDT start bullish rally . With long time collect spring TRX is ready for big bull run .
Road map is plotted with help of Gann Square and Gann Box .
Good luck and safe trades .
Thanks for your support and comments .
Tron(TRX) is ready to fallTron has reached and reacted to the extreme orderblock of the minor structure in the daily time frame.
We expect it to start downtrend and fall from this point.
The only way to faild this analysis is a candle closes above the extreme order block, which is also very unlikely.
This is my personal analysis and its not a financial advice.
