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...
TRON broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.0617 is possible.
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...
TRON (TRX) technical analysis: Trade setup : Price rebounded from $0.05 support and rallied hard above 200-day moving average, down trendline, and reached $0.065 horizontal resistance. However, it’s overbought (RSI > 70) and likely to pull back before resuming uptrend. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. ...
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...
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...
It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario. So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue. I'm surprised...
*** *** For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where TRX broke today aggressively above its 1D MA50 (blue trend-line) which has been the medium-term Resistance since August 19 2022 and is headed towards the 1D MA200 (orange trend-line). This is currently exactly on...
We have seen multiple rejection in immediate support/demand area. For intraday trading, this could be next bullish move to target resistance area inside the channel at 0.06431. Breakout from 0.06431 we could see retracement to previous support area at 0.06771, and most extreme case it could reach 0.07114. Support area remains at 0.05995.
TRXUSDT is probably one of the most indifferent or anarchic trade couples. It took 2 months since the publication of our previous idea, and nothing has changed on the schedule. The price of TRXUSD did not respond to either the growth or the fall of BTCUSDT price and the crypto market of all, but simply moves steadily to the right. So today we will only...
I don't know what Tron TRX is up to these days but it is going to pump hard.
Trading Setup: There is a Trading Signal to Sell in TRXUSDT Tron . Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 0.0676 ⭕️SL @ 0.0683 🔵TP1 @ 0.0655 🔵TP2 @ 0.0625 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please...
Before you is the global chart of TRXUSDT on a 3-day time frame. At a time when most altcoins show a stable downward trend for more than a year, the price of TRXUSD is consolidating in the upper half of the all-time price range. If at the beginning of the consolidation, the price movement in the consolidation was 300%, now the possible price movement within the...
TRON bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support level at 0.0467 is possible.
TRON will continue to fall? Against the background of BTC, the asset will continue to fall and will rest against a stronger support of about $ 0.05. Then I think there will be a reversal towards the trend. Coins like TRON can be considered for the medium term, I think the market should resurrect in about 2-3 months. It is possible to consider futures within a day...
Yesterday the news of TRX gained so much attention about the USDD that it shoot for more than 17%. Right now it is in the cooling phase , but Tron is know for doing something opposite in the market so I have a neutral view, but if the price breaks in either direction I will open a trade. Please Like, Share and Comment.