Tron (TRXUSD) has been consolidating for the past 1 year within a wide Rectangle pattern. Since the May 25 2026 High and the subsequent rejection, the price has found Support exactly on its 1W MA50 (blue trend-line) and is consolidating for the past 6 weeks.
As long as it continues to do, the trend will stay neutral. A 1W candle closing below it however, would target the 1W MA100 (green trend-line) at 0.2800, close to Support 1 and the bottom of the Rectangle.
If on top of that, it delivers a 1W closing below Support 1 as well, the Rectangle would be invalidated and the market could target Support 2 and the 1W MA200 (orange trend-line) at 0.20250.
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As long as it continues to do, the trend will stay neutral. A 1W candle closing below it however, would target the 1W MA100 (green trend-line) at 0.2800, close to Support 1 and the bottom of the Rectangle.
If on top of that, it delivers a 1W closing below Support 1 as well, the Rectangle would be invalidated and the market could target Support 2 and the 1W MA200 (orange trend-line) at 0.20250.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.