TRX 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...
A lot of people getting bullish here but it's important to remember that Tron was and still is in a bearish market structure. Consistent lower highs and the current push still has the potential to be the next lower high. Especially with the current state of the economy, the FED has no intentions of slowing down interest rates. Making it harder to attract money...
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...
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...
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...
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:-...
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...
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.
At first glance, the price of TRXUSDT has finally broken out of the 2-year consolidation and even managed to test the consolidation from above. With any other cryptocurrency, after such a pattern, one could say with great confidence that it is safe to buy it, as the price is likely to continue to rise. But not in the case of TRX, because yesterday the SEC filed...
I think TRX Tron is the next to fall after BNB Binance Coin. The reason is their stablecoin, USDD. According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX, BTC, and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio...
TRXUSDT Technical analysis update Buy zone: Below $0.071 Stop loss : $0.062 Take Profit 1 : $0.078 Take Profit 2 : $0.090 Take Profit 3 : $0.105 Take Profit 4 : $0.128 Swing trade setup Thanks Hexa
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. I had to draw some data in here that was not shown (white squiggly lines) Without full data on a chart, it's hard to count waves accurately. This chart is on the weekly timeframe. I cannot predict time, however I am trying to with this chart. Future resistance...
Hi everyone! The answer is very simple: YES!!! That said, Tron has shown some major consolidation over the past few months, but at the same time, it has kept the main trend sideways. If we look at the daily chart, the trend of last few weeks still keeps this crypto under pressure, but at the same time, we think it might be interesting to use an accumulation...
TRXUSDT price has been demonstrating one of the longest consolidations since April 2021, 20 months. You understand that in consolidation: those who believe in growth are always buying at different levels, and those who believe in depreciation TRX are actively selling their portfolio. So when the TRXUSD price breaks out of this consolidation, there will be a...
Good short now in my opinion to lower lows, use each resistance as a take profit. Potential good investment, if you believe in the project.
Hi dear friends, hope you are well and welcome to the new trade setup of Tron ( TRX ) with US Dollar pair. Previously we cauth a nice pump of TRX: Now on a 4-hr time frame, TRX has formed a bullish Gartley pattern. At the moment after the completion of the final leg the priceline is slightly moved up, therefore, we can wait for the price correction to catch it...
Here i open a Long Position on TRX - (1% of Capital) 50% on Each Entry Point Sell 20% on Each Target I Like to do this type of Swing Trade Please DYOR before following my Ideas. As a Professional Trade i'm use to hit stoploss and takeprofit ;)
If the daily candle closes positively and crosses the price range of 0.4826, it is possible to continue the trend up to the price range of 0.5831, and if it does not cross the price range of 0.4826, there is a correction to the range of 0.4226 and 0.4028. 👨🏫: Vahid soltani 📆: 02/09/2022 ⏰: 1D 📊: Cardano ⚠️: It is only a personal analysis and opinion. 📋: Share...