TRXUSDT - TRX been trading in this upwards channel since JANTRX has been trading in this upwards channel since JAN 2024 and it looks like we are going to attempt to breakout towards the top. Should we fail we can expect a retrace towards the 0.618. With the launch of sun.pump and memecoins launching on the TRON network we can expect a bullish move over the next few months.
TRXUSDT trade ideas
TRON Crypto + 3 Step Rocket Booster StrategyThe market is in a very steep decline.
Everything is on sale..and if you are into dip-buying
this is your moment
-
This is my first time experiencing
a dip buy in the market it kinda sucks
because the volatility is insane.
This is the time to focus on risk management
but if you are looking for a high
edge in the cryptocurrency side of things
then BINANCE:TRXUSDT
is the play I think that will
go on the high end of prices.
Which means:
#1-The price is above the 50 ema
#2-The price is above the 200 ema
#3-The price will go up in a trend.
Because this is a bear market
my last trade ideas have been dip-buy patterns
so if you got caught up in the volatility
without risk management am sorry
that's the nature of trading.
The 3 steps above are the rocket booster strategy.
Rocket boost this content to learn more.
Disclaimer: Trading is risky please learn risk
management and profit
taking strategies.
Because you will lose money wether you like it or not.
After VETUSDT —-> TRX 1:1 Long Setup SettingBINANCE:TRXUSDT
CRYPTO:TRXUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️ Entry Area:
Yellow zone
⚡️TP:
0.1556
0.1575
0.1595
0.1619
0.1640
🔴SL:
0.1460
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
TRXUSDT Potential Up trend continuation after bounce from the suSince the launch of the platform for meme coins, the Tron network has garnered significant attention in the crypto space. The price action of TRXUSDT looks promising, characterized by a smooth formation of higher highs and higher closes. Recently, the market pulled back from the resistance zone and is now testing the support level at 0.1525, which has been respected twice before. There’s potential for the market to bounce back from this support level and the upward trendline, especially with the emergence of rejection candles. The target is the resistance zone at 0.1575
TRXUSDT | I am having mixed feelings on TRONLooking at the chart you can clear see TRX trading in a upwards channel. Looking at the RSI we are still trading in the middle of the range and there is definitely still a possibility that we can see another push up. However, looking at the volume, you can clearly see the volume decreasing and TRX loosing steam. The best outcome would be a healthy re-tracement to build up some momentum if we wanted to see TRX reach much higher prices
Lingrid | TRXUSDT gaining Momentum in the Market. Potential LongSince the launch of the platform for meme coins, the Tron network has gained significant attention in the crypto space. The price action of BINANCE:TRXUSDT looks promising, by a smooth structure of higher highs and higher closes. Recently, the market made a pullback from the resistance zone and is currently testing the support level at 0.1525, which has been respected twice before. I expect the market to bounce back from this support level and the upward trendline, especially as we are observing some rejection candles forming. My target is resisatance zone at 0.1575
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
TRX, the UPSHIFT has started, the whole CRYPTO will SURGE!AMEX:TRX
DO YOU SEE WHAT I SEE?
MASSIVE ALERT!
When TRX reverses to the upside, It means the whole crypto market is preppin to move with it. USDT inflows will pick up pace signaling a buying spree event. Expect more than average upside momentum from this point onwards. Historically, this signal never misses. TRX moves first in advance, then the market gets moving after a while. Just like January 25, 2024 (BTC from 38k to 73k journey), TRX started ascending, then the market gets wild after a few days.
Get ready.
TAYOR
TRX Turns BearishTRX Turns Bearish
Yesterday afternoon, TRX confirmed a bearish channel.
Although it initially showed signs of a bullish movement during the day, the volume quickly dissipated, and the outlook turned bearish once again.
After any brief pause, TRX may resume its downward trend from the recent highs. This time, the pattern appears more solid and could push the price to new lows, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Tron | The Forever Up MentalityTron has been growing since November 2022. November 2022 is the same month when Bitcoin hit bottom. While Bitcoin peaked in March 2024, Tron continued higher and produced a new high in August, thus we have a 644 days long bullish phase.
What you are seeing depicted on the chart as ABC is called an irregular correction. If we consider the last higher high as part of the previous bullish wave, we have to assume a forever up mentality and the market has already proven this not to be the case.
In an irregular correction the second (B) wave produces a higher high compared to the end of the bullish wave. Just as it happened with Bitcoin between November 2021 and April 2021.
April 2021 was the orthodox end of the bull-market.
November 2021 produced a higher high as part of an irregular correction. This happens because of the Covid monetary expansion policies. When there is big monetary expansion, fiat loses value and thus you can see these patterns.
The thing is that Tron is going down and Tron going down confirms the others are going down because the market never moves straight up. What one does, the rest follows.
The correction is not over but the end is getting close.
I'll lave the theory for another day.
Wishing you a happy week.
Namaste.
Tradeshoots Indicator Short Signal Triggered After Breaking Key Support
After the price broke through a key support level, my indicator gave a short signal. I've decided to enter this trade, targeting a 1:2 RR. Now, the focus shifts to identifying where the next key support level will emerge.
Let's see how this one develops!
TRX Tron Elliott Wave RetracementsIf you haven`t sold TRX before the previous retracement:
Now according to the widely-followed Elliott Wave theory, the potential retracement targets for Tron are $0.14, $0.13, and $0.115.
I anticipate Tron will reach $0.115, driven by the legal issues surrounding its founder, Justin Sun, which are expected to escalate this year.
TRXUSDT Breaking out of falling wedge!!!Join our community and start your crypto journey today for:
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Hello everyone,
TRXUSDT has successfully broken out of a falling wedge pattern, indicating a potential bullish reversal. The recent market pullback has confirmed this breakout.
Opening a long position on TRXUSDT with the following trade setup!!
Entry: $0.1514 - $0.1492
SL: $0.1465
Targets:
$0.1569
$0.1615
$0.1649
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
TRX (Crypto TRON-USD) SELL TF H4 TP = 0.1362On the H4 chart the trend started on Aug. 27 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.1362
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
TRXUSDT CorrectionTRXUSDT is currently pulling back after forming a double top at a resistance zone. The price is now testing a previous support level, and there is a chance it could dip below this support, given the liquidity below this level and near the February highs. The market has already seen a pullback of around 12%, with the potential to extend to a 15% pullback. This price action might develop into a trend continuation pattern, possibly forming a triangle as it consolidates. If the market finds sufficient buying pressure at these lower levels, it could set the stage for a future upward move. The target is the resistance zone around 0.1618
Lingrid | TRXUSDT Correction in the MARKET. LomgThe price perfectly fulfilled my last idea. BINANCE:TRXUSDT is currently pulling back after forming a double top at the resistance zone. The price is testing the previous support level, and I believe there's a possibility the market could dip below this support level, especially since there is liquidity below this level and near the February highs. The market has already experienced around a 12% pullback, and I anticipate it could reach a 15% pullback. I expect the price action may establish a trend continuation pattern, potentially forming a triangle formation as it consolidates. This could set the stage for a future upward move if the market finds enough buying pressure at these lower levels. My target is resistance zone around 0.1618
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Tron | The Catalyst?Do you guys think this will be the catalyst?
➢ Tron Technical Analysis
The top was set 25-August. Price action following this date is classic of a top formation; no new highs, the highest volume on a daily session closed red, and all is happening where everything marketwide is pointing toward a major flush next.
The daily candles, looking at them up close, clearly indicate the loss of bullish momentum. I know this is hard to either spot or visualize if you are invested in the current situation, but a drop only comes out of rise.
➢ Oscillators
The daily MACD is trending lower. It peaked 20-Aug. and produced a lower high 25-Aug., a small bearish divergence. What isn't small is the downward bias:
The weekly MACD peaked November 2023 and produced a strong lower high 19-August 2024, a very strong long-term bearish divergence:
It is pointing straight down.
The daily RSI already peaked and started to curve down. The histogram reveals where things are going... The red arrow shows how these things tend to resolve:
The weekly RSI is still bullish and trending higher, but there is an extreme bearish divergence with TRXUSDT, it peaked March 2024:
➢ Conclusion
To warn caution would be an understatement. When things are heated up, things can pop-up unannounced.
The market moves up and moves down... It balances itself out.
➖ The ones that are low, near support, look good to buy and hold.
➖ The ones that are high, near resistance... RUN!
Namaste.
TRON's Wave 1 & 2 of current cycle over with. What Next?I believe that this cycle's wave 1 and its correction are done. Wave 2 being a shallow correction at Fib 0.236 gives us some clues as to what to expect next. Here's why I believe Wave 1 and its corrective wave 2 are past us and how wave 3 has already begun.
RSI bearish divergence (usually happens between the tops of wave 3 & 5 price action)
Correction to a significant fib level 0.236
RSI's significant correction and confluence at Fib .5 and RSI level 50.
And yes you can definitely apply Elliott Wave theory to the RSI signal, which I rarely see being applied here on TV. It helps confirm not-so-obvious EW charts.
So what do I expect to happen next? Either upcoming wave 3 or wave 5 will extend reasonably. I'm putting my money on wave 3 but won't rule out 5. The recent meme mania on TRON is shaping up quite nicely and could be the precusor of the extension and explosive price growth.
TRX (TRON): Overbought at ResistanceTrade setup: Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9.
Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
TRX: What’s Next?TRX: What’s Next?
TRX has completed a bearish harmonic pattern near the $0.1680 level. The price reaction indicates the presence of sellers around this area, suggesting that TRX might be poised to retrace some of its recent gains.
On August 25, TRX set a new all-time high price. It may attempt to rise again to test this peak, but subsequently, we could see a downward movement as indicated by the pattern.
Immediate support is expected around $0.1520, followed by the first target zone at $0.1450.
If the price manages to break through $0.1450, the next target zone could be around $0.1300.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️