Tron is having a bearish pullback and trading in the daily range zone where we will continue to see a slow and choppy price action.
A bullish reversal from the current price location reclaiming $0.132 will result in a slow upward move to $0.138.
A confirmation of a break-out of $0.132 will push TRX price towards $0.126.
Intraday Chart
The TRXUSDT...
TRON (TRX) technical analysis:
Trade setup : Following a bearish breakout from Channel Up pattern and below $0.08 support, price pulled back near $0.073 support, which could be an attractive swing entry, with upside to $0.08-$0.086.
Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above...
TRON (TRX) technical analysis:
Trade setup : Price was trading in Channel Up pattern but got rejected at $0.086 resistance again, just as it did in June. Now it had a bearish breakout from Channel Up pattern and below $0.08 support. Price could pull back near $0.073 support, which could be an attractive swing entry in Uptrend.
Pattern : Price was trading in a...
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. Price broke above the Ascending Triangle pattern, which is a sign of an Uptrend. However, price is getting overbought RSI ~ 80. Wait for price to pullback near $0.073. This could be a potential swing...
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-$0.075 resistance zone to...
TRX is currently in a quite bad pattern and the potential for reversals is quite large and we should be careful because TRX may fall sharply to the 0.0145-0.015$ zone or even deeper like 0.01$
Only consider buying TRX if it breaks the strong resistance zone at $ 0.01862 for the target of 0.027$ in August
TRX has a super strong support at 0.0165-0.0167$ and this zone may push it up to reach 0.02$ in next days.
After broke the 0.02$ zone, its target should be 0.027$ before July.
It will be very dangerous if drops below 0.015$ but I think this possibility is not high.
The major trend is still UP!
![TRXUSDT: Tron [TRX/USDT] on July 9 (#TRX #TRXUSDT)](https://s3.tradingview.com/f/FKTBNxf8_mid.png "Tron [TRX/USDT] on July 9 (#TRX #TRXUSDT)")
