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TRON / TETHER USD on BSC (0xa98D8a5867D664B7A758652146fd93a7dE40eE82)

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TRXUSDT_A98D8A trade ideas

TRX: Bullish Flag BreakoutTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke bullishly out of an Ascending Triangle pattern, which is a sign of an Uptrend. Price got overbought RSI ~ 80 and pulled back near $0.073-$0.075 support, briefly consolidated in a Bullish Flag pattern, and broke out again in the direction of existing uptrend. Next resistance level is $0.09. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, (previous resistance) then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.090.
Long
by altFINS
TRX Shows Strong GrowthTRX has experienced a growth rate exceeding 10% as a result of renewed demand, reaching the specific resistance range of $0.082-0.086. It is noteworthy to observe that this resistance level has historically elicited significant market reactions. Additionally, the price movement has consistently progressed towards the upper boundary of the medium-term ascending channel. Consequently, there exists a potential for the price trend to consolidate beneath this resistance level. The medium-term outlook for Tron remains optimistic, and under favorable market conditions, a successful breach of the current resistance level may lead to a plausible next target within the $0.10 range.
by MonoCoinSignal
2
TRX: Bullish FlagTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke bullishly out of an Ascending Triangle pattern, which is a sign of an Uptrend. Price got overbought RSI ~ 80 and pulled back near $0.073-$0.075 support, which could be a potential swing entry with upside potential to $0.09. After a sharp move up, price is consolidating in a Bullish Flag pattern, which typically resolves with a breakout in the direction of existing uptrend. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $0.073, (previous resistance) then $0.065. The nearest Resistance Zone is $0.080, then $0.090.
Long
by altFINS
TRX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TRX/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Tron (TRX) was slightly higher on Thursday as the coin moved back to one-year highs. TRX/USD climbed to an intraday high of 0.07819 earlier today after hitting a low of 0.07651 The move came as prices recovered after yesterday's fall, resulting in profit booking. the upside came as the 14-day Relative Strength Index (RSI) found a support point. The floor above was at the 70.00 level, which is already deep in overbought territory. Price strength now tracking 70.42, bears may try to send the coin higher in the coming days. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
🔥 TRX Pumping On Zero Fee Bitcoin Trading: Great Long Term PlaySince the 22nd of March this year, the BTC/TUSD pair is tradable on Binance with zero fees. TUSD is the stable coin connected to TRX (Tron). Ever since the zero fee trading went live, TRX has been outperforming Bitcoin by quite a margin. As seen on the chart below, the TRX/BTC pair has been pumping for weeks now, whilst the majority of tokens have been losing value against Bitcoin. TRX is not some new hot token of the moment, so there's little reason for it to pump organically, so my assumption is that zero fee BTC/TUSD trading has increased demand for TUSD, and thus increased demand for TRX since it's an algorithmically pegged stablecoin (like LUNA and USTC). As long as this zero fee trading is in effect, I'd wager that the demand for TRX will only increase from here, especially when the "real" bull-market will start and volume will increase next year or so. Do you think TRX is a good long-term play, or is this pump temporary? Share your thoughts 🙏
Long
by FieryTrading
8
TRX: Ascending Triangle BreakoutTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke above the Ascending Triangle pattern, which is a sign of an Uptrend. However, price is getting overbought RSI ~ 80. Wait for price to pullback near $0.073. This could be a potential swing entry with upside potential to $0.09. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.065, then $0.058. The nearest Resistance Zone is $0.073, which it broke, then $0.090.
Long
by altFINS
TRX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TRX/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Tron (TRX) rose close to an eleven-month high to start the week, following a recent four-day bull run. TRX/USD rose to a peak of 0.07841 earlier in the day, which comes a day after trading at a low of 0.07271. As a result of Monday’s move, TRON climbed to its strongest point since June 10 last year. One of the catalysts of the surge appears to be a breakout that transpired on the relative strength index (RSI). The index moved beyond the ceiling of 69.00, and as of writing, is tracking at 77.17. Now in overbought territory, there could be some profit-taking, however, a target of $0.080 still remains a possibility. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
Tron [TRX] to face price rejection at range highTRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May. Price action has hit the range high and could expose TRX to more selling pressure. A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan). The zone was a crucial resistance in the second half of April but was flipped to support in May. Entry: $0.07074 (below range high) Target: $0.06700 (resistance-cum-support) Stop-Loss: $0.07176 (above range high) R:R - 3.9
Short
by AMBCrypto_TA
1
TRXUSDT LONG Hello guys, how are you ? TRON has broke the recent high that acts as resistance back in February 20/2023 &July 29/2022. This can bring a trading opportunity on your strategy. I believe it is way better waiting for a pullback to that zone and act accordingly. Pullback has more confirmation than break out. since a breakout can be fake out I advice you to wait for the pullback drop down to a smaller time frame like the hourly and 4 hour and find a double bottom inside the zone marked . I hope you enjoy it . I believe it is important to share how you see the market on TRXUSDT please share me your viewpoint . thank you guys Risk what you can afford to lose ! use the golden rule of risk management never risk more than 2 % maximum that allows you to maintain your psychological well-being. do your own research before taking any trade . when someone share his analysis that does not mean you have to take the trade instead learn something from him. happy trading.
Long
by EthioFX