P_S_trade

TRX 12h How much more to grow

BINANCE:TRXUSDT   TRON / TetherUS
The last time we did a global idea for TRXUSDT was in May of this year, less than two weeks before crypto prices started to collapse (ohhh, then we read a lot of hate .... "what are you writing, this growth can't be stopped, etc." but :)
Since then, the price of TRXUSD has managed to fall by -65%:

The TRXUSD price has been rising almost uncorrected for the past two months and has almost worked off all of its losses.
The TRXUSDT price has been trading in a 20% corridor of $0.10-0.12 for the last few days and most likely, buyers are preparing for another upward momentum.
To confirm their strength, buyers should at least keep the TRX price upper $0.10 for the next few days and at most hold above $0.12.

We assume that the growth retardation can start in the range of $0.13-0.144, in this zone fully compensates for the May fall. Deceleration in this area may be provoked by the fact that traders, who had been in a drawdown for 5 months, will want to fix position at break-even and forget about this negative experience.

If the area of $0.130-0.144 will not have critically large trading volumes, it will be a signal that the sell-off time has not come yet, and the growth itself may continue at low volumes, as it has been doing for the last months.
Targets for a move higher are shown on the chart — $0.155 and $0.169

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Comments

great analysis
+3 Reply
P_S_trade T_V_TreeTrader
@T_V_TreeTrader, thank you)
Reply
Very nice good sharing up
+3 Reply
P_S_trade Future_Trading
@Future_Trading, thank you
+1 Reply
I hope your soul is always warm .
+2 Reply
P_S_trade ghamchin
@ghamchin, we hope too)
Reply
Great chart
+2 Reply
P_S_trade Dr.Ross
@Dr.Ross, thanks
+1 Reply
Great job over here
+2 Reply
P_S_trade MMBTtrader
@MMBTtrader, nice to read this
+1 Reply