As we can see from the chart, TRON has a clear breakout from its resistance. This is a good time to enter a LONG trade.
Entry Price: 0.104
StopLoss: 0.100
TP1: 0.1068
TP2: 0.1105
TP3: 0.1128
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GreenCrypto
TRX continues to march into its current bull channel, pressing on for higher prices. The price just touched the channel resistance and is pulling back, but to what price? We have the previous high in the channel at $0.095 then the 30EMA and bull channel support around $0.09.
How do we trade this?
We're in a bull channel, which means our probability of profit...
Trx has literally been moving up now for a year! We're days away & it's amazing the consistency of the bottom of Tron. We have seen this with other tokens also and for me it's clearly obvious we're at the lowest point in crypto currently.
This is definitely leading up to the bullrun. The buy walls are in place preventing the price from falling, and the potential...
Currently Tron is in a falling wedge pattern almost about to retest the uptrend a 2nd time. I believe that it's about to start moving back up to 10 cents in the coming days before it begins to move even higher.
Market just finished 1 to 5 Elliot wave pattern, broke downtrend and is heading bullish we are expecting to retrace to 50% fib zone.
Indicators:
AROON: Is already showing strong bullish momentum (orange line crossed blue)
EMA: We just crossed 50 EMA zone
Bollinger band: we bounced off of a bottom band
Entry: 0.0635
Invalidation: 0.0505
Target: 0.932
this analyze suitable to TRX/USD and TRX/TRY the price going to draw a cup pattern then will step back to the previous strongest support, therefore, comes up
so stay tuned
💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
On H4, the price found support at 0.025, where divergence was formed between the price and the RSI, indicating a temporary end to the downside movement. Besides, the price made a breakout form trend line.
An upward impulse is formed on H1, which portends a possible continuation of the price growth, and the price found support at 0.026 and RSI already have reached...
On H4, the cloud is directing upward, indicating an uptrend. Also, the price has broken the downtrend line.
The upward impulse is well seen on H1, which may be the first impulse for the continuation of short-term growth.
RSI is in near oversold level, which indicates a possible end of a local downward price correction.
We recommend buying TRXUSDT now.
H4
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation...
