If a break happen on top of Triangle, there are 3 targets shown with horizonal line on chart:
- First at 0.123
- Second at 0.149
- Third at 0.18
Because of previous uptrend, it is more possible to break from top.
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(TRXUSD 1W Chart) - Mid-Long-Term Perspective
Above the 0.03074453-0.04413840 section: expected to continue upward trend
Hello investors and traders!
We have similar formation on many alts right now.. Some already finished wave Z, some are finishing X ; Y.. XRP for example finished WXYXZ and landed back below wave X..
Tron is just starting it's run and now we are going towards $0.18 shortly.
Based on fractals and knowledge on how these cycle works we are looking at $15-20...
Here's a quick look at TRX 2 days chart. As we can see, the price has been going sideways and has printed a big symmetrical triangle. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume, or you can buy when the...
- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss,...
#TRX/USDT TA Update:-
$TRON currently trading at $0.119
Which is 18% up from our lower entry.
In the LINE chart also breakout and Retest also confirmed.
Now Waiting for Big move from here.
Stop Loss same at :- $0.09
If break $0.152 then we can see new All time high.
In one version for TRX charting, one would assume that TRX topped in its wave 1 in April 2021 at about 0.166, when bitcoin realized its ATH .
following the market correction, TRX retraced to 0.381 FIB and held that support level quite well.
If things continue well, the long term targets for TRX are shown in this chart, hitting the 1.618 FIB at the end of wave 3,...
1inch is technically ready to go price discovery .
In March it reached a new ATH of 6.32$ (585% up move) and consolidated since then.
It was its first SOS (Signal of Strenght). Usually, new coins get slower and slower in their cycle.
But... this one is new!
With a market cap on ''only'' 862M, it has a lot of space to grow.
It remembers me also of UNFI after its...
* TRX is consolidating between it's resistance around $0.10550 and it's support zone near $0.082
* The below Ascending trendline is too working as support for the price.
* If the price breaks the above resistance we can see a rally till $0.12. TRX is bearish below the trendline.