TRXUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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+ TRX has been moving upwards slowly while forming the cup pattern.
+ This slow move of the TRX has given it enough time for the accumulation
+ Once the price breaks this resistance line i'm expecting back to back God Candles.
+ This is a good opportunity to enter a...
TRX broke above 2021 SEPT-DEC resistance $0.120.
as long as price above $0.12, we are still bullish with TRX.
next resistance 0.160 is MAY2021 high
MACD sloping up , indicate momentum is still favor to the bull.
TRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next.
TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and...
Hello friends, I hope you are doing well.
You can see the popular Cardano currency in the 4-hour time frame.
Now it would be a good place for us to have an analysis of this currency.
In the daily time frame, it had an eroding downward trend in the form of a descending channel, which has now broken this channel upwards. In fact, it is also considered a flag...
daily chart is exhibiting several intriguing technical patterns and indicators that merit a professional analysis.
TRON (TRX) is currently showing a strong uptrend, as evidenced by the price action creating higher highs and higher lows. This bullish sentiment is further supported by the Relative Strength Index (RSI), which, despite being in overbought territory...
This coin and ecosystem still has life as show in in the charts.
Even if its just a network to move dollars around in SE asia
That's a good enough usecase , considering the size of the population in that part of the world.
Therefore the gas token #TRX would very much be needed.
and positive price actions, sparks speculative juices which feed on the price.
Thank you for reading this update.
TRX seems to have entered a new volume trend which we will follow for confirmation.
We will see if it's able to be confirmed in the coming time frames.
TRX can have a slow volume. known from slow building trend.
Tron has confirmed a Hanging Man just above the PCZ of a Bearish Butterfly, it starts to play out I think it will come back down to meet the trend line at the 61.8% retrace as the current move above trend also happens to be a bit overextended.
TRON ( CRYPTOCAP:TRX ) executed a substantial token-burning event on February 14th. The initiative saw the elimination of 9.9 million CRYPTOCAP:TRX tokens from circulation. This decision aligns with TRON’s commitment to implementing deflationary measures and fostering value growth within its ecosystem.
The token burning event has already shown tremendous...
Ever since it broke up from the cup and handle pattern that I posted a chart about a week or 2 ago price action has been climbing the measured move line like a staircase this whole time so far. Always a remarkable thing to witness imo. You cant really get a good view of how it has been climbing this line on the previous chart idea I posted on it because its all...
TRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at...
TRON's PA is a thing of beauty. The HLs in HTF on the ascending triangle are aesthetically perfect. Price has been on the rise for a little less than two years. Sooner or later the god candles will print out.
We are considering the scenarios of TRX development and initiating purchases of the asset.
Since March 2023, the asset has demonstrated a noticeable upward trend. It surpassed the 200-day moving average level, which is a strong indicator. TRX’s price has increased by more than 120% since reaching the $0.12367 mark. This indicates significant attractiveness of...
has very good market structure
(higher high's , higher lows's)
for the past 3 years.
Overlooked , & under-appreciated it seems like, in my view on it's sentiment on Justin's success of network adoption.
We can see a clear Inverse head and shoulders
with a very key neckline level
that if broken with strength
could a indicate a run at the LOG...
Still working on a weekly candle close above the rimline of this cup and handle and also the top trendline of an even bigger symmetrical triangle pattern seen here on the logarithmic weekly chart. The smaller and more realistic potential breakout target here is for the cup and handle pattern, the one that’s al the way up at $23 is the target for the symmetrical...