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Trxusdtechnicalanalysis

TRX Position RecommendationBINANCE:TRXUSD on the daily time frame has been on a long term trend line (Uptrend) from its initial days. Breaking its biggest down trend in its entire lifetime on 20 Dec 2018, It is getting close to the same lifetime uptrend after a long time.Also the chart signifies in the last 80 days people believe BINANCE:TRXUSD worth more than 0.022 Cents, making this region as a support zone. Being close to support zone & the uptrend line,the Stop Loss & the Targets make a good Risk/Reward Ratio (At least 3.77 for first TP). I believe these are sufficient reasons for a Chartist to take a position. Stop Loss & the Targets are clear in the chart. please zoom for clarification. Aqua lines with numbers are important lifetime Fibonacci levels. Remember Money management is one of the essential keys to success in Trading. Good Luck ;) .
BINANCE:TRXUSDLong
by hghit
1
TRXUSD - 1D Chart AnalysisAfter 2 failed attempts (on the 20th and 21st of January) of changing it's direction, the price of Tron has bounced back from the 20 days Moving Average and it has registered 3 consecutive days of growth, continuing it's bullish trend. Another important thing to mention is that the price of Tron has failed to break yesterday the Resistance Level of 0.0275 but it seems that today it may give it another try. This scenario is also supported by the technical indicators, as it follows : * The RSI is 61 but is has been around this level for some time already and the price has been increased; * The "fast" line of the Stochastic is above the "slow" one and there is no sign for a possible intersection or change in the price direction, at least for now; * The MACD looks like is about to cross the Signal, meaning that we might get a confirmation for the price increase anytime soon; * The trading volumes are not impressive but we have to consider that today can be the 4th consecutive day in which these ones will end up on "green" Out of all the possible scenarios, the one which seems to have the biggest chances to get caught off is the one in which the price will continue it's range movements with a possible target price for the next following days of 0.0300$
BITFINEX:TRXUSD
by ReadBTC
1
TRXUSD - 1D Chart AnalysisAlthough most of the cryptocurrencies have experienced oscillating developments over the last few weeks, caused mainly by the decline of the market capitalization, TRON seems to be one of the ones which had trading volumes above the average and it also managed to recover the losses registered in November. Therefore, the bullish trend which has started on the 17th of December continued with the price which crossed the 20 days Moving Average and remained between it and the upper standard deviation of the Bollinger Bands until today. At this stage, we have a contradiction of the technical indicators as it follows: * The RSI at the level of 70, meaning that the price is considered "overbought' and it can have a correction anytime soon. * On the other hand, the Stochastic is between the "neutral" area and the "overbought" one but the "fast" line is still above the "slow" one and there are no reasons to expect a trend change, at least for now. * The MACD has indicated the increase on the 4th of January and it's position is still about the Signal, meaning that the growth has big chances to continue. What is important to know is that all these 3 indicators had similar positions on the 23rd of December, day in which the price has started to move sideways for 11 days, period which was followed by another increase. If the market will follow the same pattern, a target price which can be considered realistic is 0.0274$.
BINANCE:TRXUSD
by ReadBTC
TRX continues to have trouble with 385!TRX is trying to break out from this range it's been stuck in for weeks but it cannot properly close above the 385 level. We did break and close above it earlier in the month but that was short-lived as we returned back below after just 2 days above. We are currently sitting on top of a demand zone, which has held strong in the past so if we are expecting some movement in TRX, now is the time as BTC continues to trend sideways. A break below this support area could see us test the lows once more, which could make a lot of bulls panic out of their longs. Breaking above resistance will cause a lot of short liquidations, which could see TRX potentially even test 2 supply levels above. Thanks guys
by CM_Trades
Bullish Signs in TRX Hi Guys,Let's Look at TRX chart We have 2 Bullish wedge.First one started from May and second one from Jun.You can see first one in main idea chart and second one bellow. In a more exact look to chart we can find two triangle two,first one in the end of trend (red line) and important one is a long term one that i coint on it as a symmetrical triangle,you can see in chart bellow. This kind of triangles usually have result in way of market consolidation but we have cases that these triangles had reversal result.in this case with all these bullish signs i think we will bounce in favor of one of these formations.Before that with signs that i see in indicators we can make another impact to our bottom lines like blue arrow in chart or more to black line. But like always we need BTC to push market in correct way and don't ruin the party,so if you want to enter trade in this coin don't forget a tight stop loss or at least stop around $0.0335. Good Luck
BINANCE:TRXUSDLong
by Peymana71
5