"Over the past days, the TRX cryptocurrency has been steadily constructing what appeared to be a promising bullish triangle pattern. This technical formation, characterized by its converging trendlines and diminishing price volatility, had ignited anticipation among traders for a potential upward surge in value.
However, recent market developments have shifted...
Welcome folks to my new update on TRX/USDT.
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#TRX broke through the support aggresively. Price tried to hodl the level but ended up broking as #BTC break the support too. Now, #TRX can dump below $0.054 and expecting a major dip till the major support zone of $0.049 - $0.051.
Welcome to this quick
TRX/BTC analysis update
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-TRX/BTC is triangle pattern conform and retest triangle and buy the dip. and long term hold
Entry:- CMP And buy the dip in the green zone
Target:- 50% to 75%
Stop loss:- 0.00000149
Remember:-This is not a piece of...
in my opinion in next hours we will hit 0.16$ and we need some test on yellow line and if everything goes well 0.22$ our short term destination.
but if the chart can't handle white lines maybe we goes down...
what do you think?
like 2020 summer golden cross back baby! on chart we have got red horizontal static resistances and a dynamic white line...
soooo in first step we have correction and after that at least 80% pump and if we break dynamic resistance i hope 870 sat is our next stop.
TRX / BTC
We made very nice Profits in this coin since my last call 2 weeks ago in USD PAIR
today i want share with you my TA in BTC pair weekly chart
Tron restored weekly support again and try to break strong trendline resistance since 2018
Yes its high now but can go higher
I expect some consolidation now before next wave but whos know when
Tron can go...
TRX / USDT
Almost 114% profit after my call in TRX since only 2 weeks ago 💥
And both of my targets achieved 0.07$ - 0.1$
You can check my previous idea here :
Now You should start take profits Here if you didnt
Next potenial resistance zone
0.12 - 0.16 - 0.2 - 0.3
(only for those who bought with me at first place ..not a new entery)
I think we're closing in to the end of this long triangle correction (ABCDE), currently seeking the C of the E of the wave 2 of the larger degree count, which would technically take us to the start of the wave 3 of the larger degree. Please guys let me know what you think about this count in the comments below and hit that like button!!
TRX has a weekly channel & daily triangle and i think i think Tron triangle will be broken up.
if weekly candle close above 0.03400 A strong up trend is formed towards 40 and 50 probably .
I see a good outlook on this currency and I will hold it myself
Stoploss is bottom of triangle so enter with By observing money management
🌟 Technical Analysis 🌟
Trx after gains alot of profit last August
The Price keep losing momentum and loss support after support
Now trx is at last weekly support level
This is last defend area for trx because next potential area for support will be very deep if that broken (30 sat lol 😳)
If the bulls successed to save this area ...we...
Trx/btc recently lost support around 200sat and closed daily below
Also btc dominance is still high
And looks like the downtrend not ended yet
The other area of concern will be at the previous accumulation zone between 175-168 sat
Not abuy signal ...we need a strength or bullish green candel and buy on retest
TRX broke key trendline of support and currently facing rejection with the 50D MA plus trendline becoming a new resistance area.
If TRX finds this big challenge and unable to get above this level in the coming few days.
It is likely we see further downside down to 130 sats and potentially form a double bottom for a reversal trend change.