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TRON / TETHER USD on BSC (0xa98D8a5867D664B7A758652146fd93a7dE40eE82)

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TRXUSDT_A98D8A trade ideas

TRX ANALYSIS🔮 #TRX Analysis - Breakout Trading 🌟🚀 #TRX was trading in a "Cup and Handle Pattern" and here we can see that #TRX gave a great breakout. We can see a bullish move immediately or after a retest of neckline 📊📊 🔖 Current Price: $0.11728 ⏳️ Target Price:    $0.15096 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #TRX #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
2
✴️ 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.
Short
by AlanSantana
2
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.
by MarsSignals
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!
Long
by CRYPTO_SETUP
2