TRXUSDTTron BINANCE:TRXUSDT breaks its weakly time frame (logarithmic) trend line
i think its good for buy and hold for few weaks
TRXUSDT_A98D8A trade ideas
TRX SHORT SETUP hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
TRX inteligentassetbullish scenario
resistances 0.1277 pivot high & horizontal, 0.145, 0.168 ATH
bearish scenario
supports 0.118 in 13 ema, 0.11 in 50 ema, 0.105 upper limit channel
TRX/USDT Trading Scenario: TRX Accumulation
We are considering the scenarios of TRX development and initiating purchases of the asset.
Since March 2023, the asset has demonstrated a noticeable upward trend. It surpassed the 200-day moving average level, which is a strong indicator. TRX’s price has increased by more than 120% since reaching the $0.12367 mark. This indicates significant attractiveness of the asset during this period.
It is also worth noting that while the price of BTC is decreasing, this asset continues to show stable growth. This may indicate its strong position and potential for further growth, despite the overall market direction.
However, given the current market scenario, there is a possibility of a correction in the price of the asset along with the overall market movement.
We are considering the possibility of entering a position on the TRX correction. We plan to start accumulating a position when the price reaches around $0.10528 and consolidates above this level. If the price declines to the sloping trendline at approximately $0.09689, we might also consider adding to the position.
This approach is based on the desire to enter a position at an optimal level that will support our risk management strategy and increase the potential profitability of the trade.
TRX-USDT / 4H / TECHNICAL ANALYSISBINANCE:TRXUSDT I have set the resistance at 0.13017, support at 0.09559, and the daily pivot point at 0.10475 for TRXUSDT. My target is 0.12308, and this target remains valid as long as the trend line is not broken.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
#TRX #LongIn the daily time frame, it can have a short-term target of 8 cents and then 10 cents.
The level of invalidity of range analysis is 0.5493
TRXUSDT ?
I like this one.
It's got good potential making new highs.
Becoz it had been up for a long time.
For me; it need to respect the trendline.
If it touch .11 .105
it's gonna be off tune
So far.. up up and away.. .12 .13 stepping up style
All the best
#TRXIt is moving in a medium-term ascending channel in H4 time, which is currently above 61.8 Fibo. If the current area is maintained, it will have the ability to reach the red box area. Otherwise, it can make a correction to the lower area of the demand area. and then, if approved, he can move up to the roof of the channel
Tron(TRX): Waiting For Rejection!TRX has had a very long bullish run without any proper corrections.
We are looking to see that upper resistance to be reached and a potential small correction to take place (leading price to touch at least 100 EMA, and who knows, maybe even 200EMA as well)
Swallow Team
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
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
