TRX Tron has formed one of the most obvious and bearish chart pattern out there: the Double Top.
The double top chart pattern is a bearish reversal pattern that is commonly observed in technical analysis of financial markets. This pattern typically forms after an extended uptrend, indicating that the market may be losing momentum and could potentially reverse its...
TRX did stays for a long time stable, but some patterns showed a possibility of a breakout.
IS TRX going to break out into the short term with 30% UP?
TRX is a coin where the volume is stable, and this is for a long time, will the new trend pattern make here a change in it?
We will follow the trend to see if it's able to break out as it shows.
The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the...
This coin has been trading sideways since June 2022.
A breakout is likely.
Zooming in on the Daily Chart A clear Breakout is visible.
The upcoming weekly close will clear more doubts eventually.
A weekly close above the .07 level will trigger a Bullish rally.
Recommended Entry:- .061 to .066
Targets:- 0.088, 0.097, 0.114, 0.126, 0.1412
Stop loss:-...
If you haven`t sold TRX Tron here:
Then you should know that Binance US, the American division of the world's top cryptocurrency exchange Binance, has declared that it will delist TRON (TRX) from its trading platform next week, on April 18.
Binance made the decision to delist TRON in response to the US Securities and Exchange Commission's (SEC) recent...
Ethereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Tron:
TRX/USDT short
Entry Range: $0.062 - 0.067
Price Target 1: $0.055
Price Target 2: $0.045
Price Target 3: $0.030
Stop Loss: $0.074
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TRX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
This pair has been moving inverse to Bitcoin but now it seems to be moving together with Bitcoin... This is a big change.
When the dynamic of some pairs changes, this can signal that the overall market dynamic is changing as well or is about to change.
✔️ TRXBTC while in the bearish cycle moved inverse to Bitcoin.
✔️ TRXBTC now changing to become correlated with...
◳◱ A Resistance Breakout has been identified on the $TRX / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0000031 | 0.00000331 | 0.00000369, and the major support zones can be found at 0.00000272 | 0.00000255 | 0.00000217. Consider entering at the current price...
The main trend. Breakout. Linear chart 1 week, to show the trend more clearly without market noise. Rhombus (diamond) 250%. Breakdown of the price and fixation above the resistance of the main trend (downtrend channel), as well as the aggregate of the diamond resistance edge.
Remember, 5 05 2022 starts USDD possible prepared "stream of positive news" to...
TRXUSDT :
It seems that the price will move up from this area.
Of course
After crossing 0.65157
You can place a stop-buy and place a stop loss below the red downtrend.
Or wait for the confirmation.
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Tron broke up this triangle📐 and now backtested it's upper edge. I think there is chance for run to 0.06905 and even lower. Buying here makes sense to me.
ENTRY : @ 0.06270
STOPLOSS (SL) : local high @ 0.06093
TARGET...
In the beginning of this year Tron broke up the major downtrendline☝️. Then after this👇 sucessful call...
... TRX formed Inverted Head and Shoulders 🤷 on the daily timeframe and triggered the pattern by breaking the neckline up (zoom in to see the details). Price then fell back down below the neckline and recently broke up once again. I think there is chance...
We've detected a Resistance Breakout and Confirmation on the $TRX / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00000309 | 0.00000325 | 0.00000358 and the major support zones are respectively at 0.00000276 | 0.00000259 |...
For the current week, we can expect the trend to be in the range for the current week, as long as we do not have a strong return below the $0.060 level. But if the selling pressure increases, Tron's price decline can continue to the bottom of the channel, i.e. the support range of $0.056 to $0.058. This week, the TRX price volatility range is expected at a level of $0.060.
![TRXBTC: $TRX/#BTC [#TRON]: Resistance_Breakout](https://s3.tradingview.com/m/m4THmYxT_mid.png "$TRX/#BTC [#TRON]: Resistance_Breakout")
![TRXBTC: $TRX/#BTC [#TRON]: Resistance_Breakout_Confirmation](https://s3.tradingview.com/y/Y83NCqc0_mid.png "$TRX/#BTC [#TRON]: Resistance_Breakout_Confirmation")
