TRXUSDT has been stuck in a long term downtrend. It tried to break out in June 2019 as well as Feb 2020 however, both the attempts failed. The long term daily trendline is acting as a strong resistance. TRXUSDT is getting ready to make another attempt to reach and / or possibly breach the resistance trendline. Any move above and a daily closing above the channel...
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.
TRX finally broke bullish of this descending channel and manages to get above the 50D MA.
Our immediate support area is between 192 - 186 sats or the 0.5 Fib.
We can see two bullish green volume below indicates this uptrend has genuine bullish momentum.
TRX is testing the downward trend-line again and if TRON fails to get above it. I can see a minor pullback to 180 sats area to form a potential Higher Low.
And if that Higher Low holds, chances of breaking bullish of this descending channel is likely to happen.
The RSI is also giving a bullish divergence, keep in mind the price is trading just above key...
TRX broke support at 180 sats area, this rejection from descending channel will send TRON down to 167-160 sats if no follow-through from the bulls to bring the price up.
There is a potential for the RSI to hit oversold levels again before a pullback to happen.
A retest of the bottom channel of this pattern will give traders a chance to open Long...
TRX is holding a critical support area or the golden Fib level. This key support between 183 - 177 sats are the most level to defend by the Bulls to keep things alive.
The price is still respecting this downward bullish pattern which typically breaks to the upside. An early sign of bear weakness is unable to bring the price to lower
low since the minor...
TRON is on down-trend action inside this falling wedge channel. A reaction pump after TRX hit the golden Fib 0.618 at 178 sats.
The price is about to retest the downward resistance which is located between 190 - 195 sats area. If TRON is unable to break the resistance again,
A potential retest of previous support or a double bottom scenario might...
TRX has been consolidating in this downward channel (Bull Flag). If we can hold 198-186 Sats then there is a high probability continuation to the upside will continue.
An uptrend is still intact provided we don't close below 176 Sats. Trade priority is going Long
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TRX has been in a healthy uptrend but now consolidating above 50 Day MA and 100 Day MA.
Our uptrend line of support is still in play as Higher Lows support hasn't broken yet.
Bulls are in control as the market structure is still going to the north.
Buy area: 200 Sats - 182 Sats
Sell target: 230 Sats - 340 Sats
Stop loss: 160 Sats
TON recently LAUNCHED hitting Both our T1 and T2. The Target 3 was off by 1 SAT!
Now, heres where we are at.
Currently retracing back down from 230 sats, we are sitting at 211 sats.
This is a great re-entry for those who took profit, or those who want to accumulate more :)
TRX has room to grow on RSI & STOCH.
The Ichi cloud hasn't been broken and are sitting...
TRX has broken the falling wedge with a strong momentum.
Look for my major targets up to temporary resistance.
Short Term Trade, Will Update After Targets Hit.
Entry: 195-200 sats
Target 1: 209 sats
Target 2: 217 sats
Target 3: 231 sats
Target 4: 272 sats
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IN TRX from.026....... TRX breaking out of inverse H and s established in November. Remember XRP? what it did will be what trx does now. Past all time high.... FAR past ATH. scroll up for this local waves targets. I bet we melt faces
Considering a purchase for 2 reasons. 1) The graph on the left will mark the point of support from which the price has rebounded and the candle has closed higher. This support may affect the price reversal. 2) On the chart, as you see, the channel was painted in blue and it also coincided with the zone where the throne is now. Two...