The last time we did a global idea for TRXUSDT was in May of this year, less than two weeks before crypto prices started to collapse (ohhh, then we read a lot of hate .... "what are you writing, this growth can't be stopped, etc." but :)
Since then, the price of TRXUSD has managed to fall by -65%:
Let's take a look at the global picture of TRXUSDT
It can be seen from the graph that from September 2020 to February 2021 TRX was actively purchased in the range of $0.025-0.035.
And then, after such a consolidation, a logical shot up. The market managed to raise the value of TRXUSD by 500% - whether it is a lot or a little for TRX investors we don't know, we...
Taking a look at price action you can see that the most recent pullback was a retest of key support and resistance and on top of that we formed hidden bullish divergence on the daily time frame !!
A short term break and rest of our most recent high which lines up with an area of support is holding strong
In my view holding this level could allow us to run up to...
TRX slipped down on its charts over the last 24 hours and was trading at $0.102. The altcoin had registered a multi-month high yesterday, however, it failed to topple the $0.104 resistance. Its immediate support zone lay at $0.0958, the additional support lines stood at $0.088 and at $0.0816. it's been three weeks since TRX last traded around $0.0816
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Hi Traders, TRXUSDT on H4 if it breaks above the Resistance line there would be a possibility for long. If it breaks below the Support line it might go around 0.059 before it goes up
⬆️Buy at 0.059 or Buy at Resistance Breakout
⭕️SL @ 0.055
✅TP1 @ 0.073
✅TP2 @ 0.082
TRX going in the dip.
but it shows unbvreakable support, and now on its way thou bounce back.
seeing that tron's CEO working on many projects and buy Bitcoin in the dip also with some purpose, the chart immediately show positive response. if Tron could break its key resustance, it could create all time new high if i see from the pole before the dip, this just on...
Tron also fell hard this week, and after breaking under 0.1 zone the coin dropped fast to almost 0.06.
At this point, the coin looks like is putting in a higher low and correction could continue to 0.1 important resistance