TRX Daily Signalling a drop for CryptoLooking at $0.108 for a buy on TRX here, and a Short on Daily close confirmation
TRXUSDT_A98D8A trade ideas
TRXUSDT.1DAnalyzing the daily chart for TRX/USDT, several key technical indicators and support/resistance levels can help inform trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.14599 - This level currently acts as the immediate resistance. A breakthrough this point could signal bullish continuation.
Resistance 2 (R2): $0.18044 - This represents a higher target and previous peak that could act as a significant barrier.
Support 1 (S1): $0.09421 - Serving as the nearest support, this level has seen historical price interactions that suggest it might offer substantial buying interest if retested.
Support 2 (S2): $0.04774 - A lower support level, indicating a substantial drop from current levels, yet important in the case of a major bearish turnaround.
Technical Indicators:
Relative Strength Index (RSI): The RSI at 59.87 is moderately high, suggesting that there is still some upward momentum left before reaching overbought conditions (RSI of 70).
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and both are trending upwards, indicating current bullish momentum. However, the proximity of the lines suggests a potential for volatility or a trend change if they start to converge further.
Trend Analysis:
The chart demonstrates a significant upward trajectory following a recent bullish momentum. The key will be whether TRX/USDT can sustain this momentum and break through the resistance at R1. The overall trend from the lows indicates a strong recovery and potential for further upside if the broader market conditions remain favorable.
Conclusion:
Given the bullish indicators and the price's recent behavior, TRX/USDT might be positioned for further gains if it can breach the immediate resistance at R1. Traders might consider taking long positions near current levels or on small retracements towards S1, setting a stop-loss below this support to manage risk.
Conversely, a fall below S1 might suggest a bearish shift, potentially exposing the next support level at S2 for testing. Continuous monitoring of the RSI and MACD will be crucial, as these will provide early signals for any loss in momentum or potential reversals. As always, external factors such as market sentiment and news should also be taken into account to align with overall crypto market trends.
TRXUSDT → Realization of bullish pattern + golden cross BINANCE:TRXUSDT is forming the break of the descending wedge structure, which in general activates the realization of the bullish pattern
On W1 the price is testing one of the key global levels. Consolidation of the price above 0.1184 will be a confirmation of global bullish intentions. Alitcoin has not yet updated the intermediate and global high, which generally determines the long-term prospects for us.
A breakout of 0.12189 range resistance could be a good signal for growth continuation.
Support levels: 0.11788, SMA
Resistance levels: 0.12189
SMA are forming a cross on H4, which is generally a positive signal. A retest of the range resistance may lead to its breakout and further growth to 0.14500.
Regards R. Linda!
TRXUSDT - Cup & Handle - Bullish ContinuationBINANCE:TRXUSDT has formed bullish divergence and cup & handle pattern (bullish continuation pattern) indicating imminent bullish momentum! Buy at current market price!
Tron TRX price steadily moving up step by step#TRXUSDT price has been showing a clear, probably ‘artificially maintained’ upward trend since the beginning of 2023.
And even now, the AMEX:TRX price is showing a greater rebound than CRYPTOCAP:BTC
What do you think, what is the chance that the #Tron price will show growth to at least $0.14 in the next 1-2 months?
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TRON PriceThe TRON (TRX) coin directs buyer accumulation and trades close to the prompt hurdle of $0.1300. The coin price is poised for an up move and is looking bullish on the charts.
Lower time frame failing but higher TF showing EQPretty clear trends on the lower timeframes right now, tightening up in a nice wedge on the higher timeframes.
I am scalping these hourly moves down and up but keep a close eye on that HTF support we may be running to next. I will be flat while the market decides its direction. Because that will be big move, i'll have plenty of time to catch the meat of that move.
TRX is pumping. Time to buy? Here is whyTRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at 0.18 USDT. This is where you want to take a profit before a huge bearish correction. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Trading is not hard if you have a good coach!
TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.
The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs.
Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
TRXUSDT SHSTRX positioned at the base of the weekly ascending channel, forming an inverted head-shoulder above the EMA 80, suggesting continuation of the movement with potential up to US$0.17
TRXUSD (TRON) READY TO MELT DOWN!! SELL NOWAs I explain before on my previous analysis on Bonk, i see liquidity going to BITCOIN, hence all altcoin will bleed to downside
Market structure also is in confluence with our technical breakdown of the POC level, Price was drowned into the the point of control level and got rejected we could see price drop from there just like other pairs
Follow me for more updates on crypto,Please like and boost !
TREND ANALYSIS OF TRON -15MConsidering that the currency trend is downward in the 4H time frame and is at a good level that also crosses the trading node, we can enter in the 15M time frame due to the decrease in momentum after the LWP is broken and with the limit Let's have a loss of 1% risk to reward 3. TP1 is equal to the loss limit.
I Cannot Short This !!! situation+next targets.Hi.
BINANCE:TRXUSDT ➡️ the odds of another bullish Movement is Pretty high because the pattern which TRX is in, Is a Bullish wedge Pattern! Since The break out has happened
✅ Due to the Ascending structure of the chart...
🟢 The odds of another Bullish Movement is High!
🟢 Bullish wedge is Visible on The chart!
⛔Hidden bearish Divergence
🟢 No break out yet!
🟢 FALLING WEDGE
✨Targets are:
🎯$0.12380
🎯$0.12730
🎯$0.13200
🎯$0.13585
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TRXUSDT 12HYou can buy #TRX here and on retest of the falling wedge. Best Buy order place is around the $0.1150
Targets are:
$0.12141
$0.12650
$0.13158
$0.13881
$0.14803
$0.15975
TRXUSDT | TFW Wave Analysis | Massive Bull Move +150% Price action and chart pattern trading setup:
> A massive bullish wedge downtrend wave ready for bull rally + 150% upside (0.11+ USD)- strong dynamic SMA200W and wedge TRIPLE PIN BAR trendline support.
> The key symmetrical resistance to breakout SMA200D and upper resistance 0.06 price if breakout successfully the next target at 0.07 and 0.09.
> Indicator: both Money Flow and RSI bullish divergence in daily timeframe - strong signal for a possible upcoming reversal pattern.
TREND ANALYSIS OF TRON-15MConsidering that the currency trend is downward in the 4H time frame and is at a good level that also crosses the trading node, we can enter in the 15M time frame due to the decrease in momentum after the LWP is broken and with the limit Let's have a loss of 1% risk to reward 3. TP1 is equal to the loss limit.
TRON -15MDue to the decrease in momentum, you can enter the trade after the LWP is broken, and considering the loss limit of 1%, you can expect a risk to reward of 3.
TRX's Next Bull Run Will Melt FacesTRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next.
TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and has gone fully decisive with the introduction of the offshore Chinese Yuan (CNH) support and going as far as touting its strength vs $USD.
I put my TP for the next bull run. The price puts TRX at a MC of $128B or 10x its MC from the previous ATH. 10x is in my opinion a conservative figure in crypto.
If there will be a blow off top then TP2 is it IMO.
Not Financial Advice
TRXUSDT 1W BULLISHTRX is at the base of the bullish channel, with the previous top having broken as support, with Stochastic oversold, above the 80-period exponential moving average.
Potential of 50% appreciation.
I am buying some TRX at this level I am buying some TRX at this level .
Rd + in 4h and 1h and daily time frame .
TRX already create the Inverse cup and handle pattern TRX already create the Inverse cup and handle pattern and looking bearish.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Strong Daily S/R (Support / Resistance) Level for TRX In conjunction with the Stocahstic RSI Oscilator, here seems a bounce up.
Tron(TRX): Interesting / Will We Drop More? / Will We Pump More?Tron has had a nice, small recovery phase after that drop recently.
We are looking here for further recovery to the upper zones (towards EMAs), and from there we will be looking for a possible short position!
If we fail to maintain the current zone and move to a lower liquidity zone, then we will be looking for an early, short setup!
Swallow Team
