Trxusdt on binance perpetual futures on My analysis of it's chart patterns, broke out of a Symmetric triangle formed. It also broke out bearish from a rising wedge that formed while the Symmetric triangle was also forming. It is depicted in the analysis above. Please leave a like if you agree with My analysis.
Channel broke upward and should continue to be bullish. Possible target: 0.130-0.135
Tron has been somewhat of a slow mover this bull market, perhaps the sentiment from the previous cycle as somewhat of a 'scam' coin has hindered it. However this presents an opportunity for growth. I'm watching the overhead diagonal resistance here for a break to enter. As can be seen from the RSI there is still plenty of room for a move to the upside. Also have...
TRX has very good support at $0.045 and this will be the launch base for the next strong rally of TRX. However, TRX needs to conquer $0.058 zone in order to continue strong to $0.08 and $0.095 zones. 📅NEWS 👉Feb 25 : PoloniDEX Delisting 📈BUY -Buy: 0.044-0.046$. SL if B 📉SELL -Sell: 0.056-0.058$. SL if A -Sell: 0.076-0.080$. SL if A -Sell: 0.093-0.097$. SL if...
Long $TRX. Can play two ways: Long $TRX, short $BTC to match the chart OR Long $TRX naked. I am going with option number 2
trx is ready to long because it has broken its mid-term trend line and pullback and is showing buying pressure if BTC does not return above the 18500 level!!!!
The market has been on a mid-term uptrend since March 2020. The price action tested the ATH(all-time high) is approaching the trendline support + horizontal support. We could see a bounce off the support bullish ↗️. And a breakout below the support as bearish ↘️.
TRXUSDT Positional Signal- Now let it be maintained above 0.0218 and then buy. If it comes in below demand Zone can buy again. It has been a breakout in the Weekly, to see whether it is Sustainable or not. First Target- $0.0337 Second Target- $0.0297