The Double Top and Double Bottom are some of the most obvious and reliable chart patterns in technical analysis, especially for financial instruments that don't trade based on fundamentals, such as TRX Tron. If it were based on fundamentals, TRX should have been traded much lower by now, considering Justin Sun is being sued by the SEC (Securities and Exchange...
TRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Now it’s trading in an Ascending Triangle, which typical resolves in a bullish breakout in the direction of existing Uptrend. In this case, price needs to break above $0.070-$0.075 resistance zone to...
Hello and thank you for taking the time to read my post. Today, we analyze TRON (TRX)/USDT on the weekly scale chart, focusing on an exciting price pattern known as the "Inverted Head and Shoulders Pattern." In our analysis, this pattern suggests that TRX/USDT could be a strong candidate for an upcoming breakout to the upside. Inverted Head and Shoulders...
TRX Tron has formed one of the most obvious and bearish chart pattern out there: the Double Top. The double top chart pattern is a bearish reversal pattern that is commonly observed in technical analysis of financial markets. This pattern typically forms after an extended uptrend, indicating that the market may be losing momentum and could potentially reverse its...
TRON (TRX) technical analysis: Trade setup : Bullish breakout from a Triangle pattern confirms existing Uptrend. Upside potential to $0.070-$0.075 resistance zone. 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...
The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the...
Justin Sun's Deadline Approaches: 4 Days Left to Respond to SEC Lawsuit Summon Over Alleged TRX Market Manipulation! Tron (TRX) cryptocurrency founder Justin Sun has reportedly been issued a summons in the Securities and Exchange Commission (SEC) lawsuit. The SEC charged Sun with "fraudulently manipulating the secondary market for TRX through extensive wash...
Past Performance of Tron Tron prices remain in a consolidation, looking at the performance in the daily chart. Overly, buyers of Q1 2023 appear to be in charge. Still, the failure of buyers to convincingly break above the recent resistance levels questions the strength of the uptrend. For now, critical reaction levels remain to be $0.0675 and $0.0645. #Tron...
This coin has been trading sideways since June 2022. A breakout is likely. Zooming in on the Daily Chart A clear Breakout is visible. The upcoming weekly close will clear more doubts eventually. A weekly close above the .07 level will trigger a Bullish rally. Recommended Entry:- .061 to .066 Targets:- 0.088, 0.097, 0.114, 0.126, 0.1412 Stop loss:-...
Based on the severity of this pull back It seems like the breakout for TRX has failed, and based on the macro environment the probabilities are mounting we may briefly see new lows this year before pushing towards all time highs. This seems to be coinciding with a crash in the US banking system, which will eventually lead to a fast response by the Fed to turn the...
TRX appears to be ending a triangle which began at the beginning of it's price history with the lowest point being wave-A of the triangle, and wave-E reaching its conclusion now based on the time target of E=(C+D)/2, and a price target of of E=C(0.382). The internal structure of wave-E has formed into a perfect triangle with wave-e of E now reaching its time...
Lately, the cryptocurrency market is not as heavy as it used to be. You just need to expect what you plan. Trading charts almost never lie and interesting news such as Delistings, Scam projects and so on come out for each price and level. Thanks to the news about Justin Sun - We are making a great profit. Hello again to everyone who follows my trading...
After the United States Securities and Exchange Commission sued Justin Sun, the founder of Tron(TRX), on charges of selling and issuing unregistered securities, fraud and market manipulation of this digital currency, the American branch of the BinanceUS exchange decided to Remove from trading list. The publication of this news caused the sales pressure of Tron to...
If you haven`t sold TRX Tron here: Then you should know that Binance US, the American division of the world's top cryptocurrency exchange Binance, has declared that it will delist TRON (TRX) from its trading platform next week, on April 18. Binance made the decision to delist TRON in response to the US Securities and Exchange Commission's (SEC) recent...
Ethereum’s Shanghai upgrade is scheduled to launch on April 12. The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump. This is my scenario for Tron: TRX/USDT short Entry Range: $0.062 - 0.067 Price Target 1: $0.055 Price Target 2: $0.045 Price Target 3: $0.030 Stop Loss: $0.074
Currently, the best price to buy Tron is 0.6, which will increase to 0.72 or 0.73 if the price of Bitcoin does not decrease.
Hello Traders, Wink as we have already said in this last period is short. The buying level is definitely below 0.0001. When the market goes down like this it is time to accumulate. The project is interesting and with real utility.
History repeats itself for those who haven't learned from it. SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations. Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see...