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TRON / TETHER USD on BSC (0xa98D8a5867D664B7A758652146fd93a7dE40eE82)

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TRXUSDT_A98D8A trade ideas

TRX: Overbought at ResistanceTRON (TRX) technical analysis: Trade setup : Price rebounded from $0.05 support and rallied hard above 200-day moving average, down trendline, and reached $0.065 horizontal resistance. However, it’s overbought (RSI > 70) and likely to pull back before resuming uptrend. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.058 (previous resistance), then $0.050. The nearest Resistance Zone is $0.065, then $0.070.
Long
by altFINS
TRON: Price Should Begin The Correction SoonTRON: Price Should Begin The Correction Soon As we can see the price stopped the bullish move for the time being after the crypto optimism. Was this move too optimistic? it could be too optimistic, however, the market wants to trade as it was in silence for a long period of time. However, testing these areas at a time when the crypto market is not solid yet is a bit risky for us to anticipate the next bullish wave. We have to wait again...what comes fast...most of the time goes away faster. Thank you and Good Luck!
by KlejdiCuni
9
Who wants to 10X their capital with TRX ?hello guys... as you can see on the TRX chart, it has formed a descending triangle on an upward trend, 3 times touched the bottom line and 4 times the top line touched, wining upward movement so far :)) but be patient until the top line breaks up after that you can get a long position until $0.29 and if you are so greedy hold it until $0.69. if the price breaks up the bottom line, get a short position. note: if the price breaks up from the end of the pattern makes it invalid. always do your own research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comments.
by melikatrader94
16
TRX - Tron is Ready to Breakout of a 2 Year Bullish Pennant!You will be hard-pressed to find a more bullish USD alt chart out there. Tron has a beautiful bullish continuation structure here on the daily that has been forming since the COVID crash in March of 2020. This massive pennant the price action has bouncing within is almost 2 years in the making. I think the breakout here could be huge. The price action is currently repeating the same exit pattern it had back in 2021. If Tron breaks out, buckle your seat belts and HODL on tight! I'm long here.
Long
by jpbrown1023
2
TRX/USDT Might go for breakdownHey traders ✌️ Next one we would like to talk about is going to be TRX/USDT pair. Well we are looking this one on 1hr scale with bearish outcome as we are waiting for that breakdown from this small trend that has formed. So let's wait out for that CPI data to be released an see what we will get here If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
14
TRXUSDTDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Short
by TraderBibres2003
1
TRX Tron the Next LUNA ? Justin Sun is the CEO of TRX, Tron, the 15th biggest cryptocurrency, with a market cap of $4.74 Billion. Justin Sun`s TRX also controls a stablecoin, USDD, that keeps on depegging from the dollar recently. He has also a controlling stake in Singapore-based Huobi, the fourth largest digital asset exchange. Yesterday the amount of withdrawals from Huobi were significant, $60 Million. There are Insolvency Rumors for Huobi. I think TRX will ultimately reach its pandemic low of $0.0072. Looking forward to read your opinion about it.
Short
by TopgOptions
2
TRON preparing for BIG BreakoutLooking closely on Tron, it shows a break on the uptrend started from March 2020, with the ATH at 0.17xx$ which occurred in April 2021. Since price reached ATH it had began to move in a pennant structures. Although this can as well serve as distributions for bigger correction or as a continuation on the previous rally. Today my chart showcase both side possibilities and what to look for before jumping into any direction. We have important level shown on the chart for your market actions. Potential M pattern with Neckline holding strong as support level that seriously needed to watch on before making any serious short decision. When this level break TRX will become heavily weak and this open room for our M final targets towards 0.01167$, check the attached chart it shown the details about the M targets More so, on the chart as well, there is BEARISH FLAG setup painted clearly. When this break, the journey of M correction pattern will fully resume. Check the chart out for the flag and its targets Finally, In other way round, if the structure acted in the form of Bullish pennant then our traget will be towards 0.42$ and 0.7$ The thread will be timely updated
by weslad
4
TRX: Don't Miss It...TRON Near The Support Zone AgainTRX: Don't Miss It...TRON Near The Support Zone Again After the price moved down like all the cryptocurrencies now we can see a small pause from the previous week. The support area near 0.046500 is pushing the price up again. I am looking for the price to rise further during the coming weeks considering that 0.046500 didn't let the price decrease more. Targets: 🎯 0.058441 🎯 0.065252 🎯 0.070451 Thank you and Good Luck!
Long
by KlejdiCuni
14