Time frame 1 month. The ascending channel. A large triangle is forming in it with a base of about +550% (classic target workout from resistance breakdown).
Secondary trend. Time frame is the same as 1 month. Triangle zone.
Since the time frame is maximum 1 month, I set the maximum possible targets for the asset. Extremely strong resistance of the...
The main trend(most of it). Logarithm. Weekly chart.
Coin in coinmarketcap : TRX
An idea to understand the trend and visualize the formation of a bullish formation in a bear market and such large size. The reversal/jamming zone is yellow levels. Quite a long time the price is squeezed the final phase of the triangle. Volatility is decreasing. At the...
Pullback Retest: TRX is performing a pullback move to retest the bullish breakout of a rising channel pattern.
Consolidation Above $0.10: The TRX price has been consolidating above the psychological mark of $0.10 for three days.
Potential Upside Targets: After a successful retest, TRX could cross the $0.115 mark and aim for $0.125.
Sideways Trend Amid Bitcoin's...
Tron (TRX)
TRON is arguably the only one among the old guard of altcoins that continues to show positive dynamics on both the local and global charts. In five months, the asset has surged by 55%, with this growth being quite steady and punctuated by necessary corrections.
As of now, TRX is trading close to the resistance zone of $0.0997-$0.1010. The primary...
Market Context: Tron (TRX) is on a bullish run, trending higher in a rising channel pattern.
Current Status: TRX is trading at $0.097, showing an intraday growth of 0.88%.
Resistance Level: The key resistance level is at the $0.10 mark.
Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, signaling bullish momentum.
Technical Indicators - MACD:...
Hi, welcome to my analysis.
We know that many crypto perform bearish this year, but not for Tron.
This bullish channel up start from mid Nov 2022 and still perform till now.
If you wanna follow this wave, we have support line at 0.07532 or around channel up support to buy with target at 0.09314 at channel up resistance.
Don't forget to support, if you agree...
TRX is trading within the uptrend channel.
which u can see its rally throughout the whole 2023.
$0.080 is the key level for TRX .
must hold.
MACD still favor to the bull.
next resistance $0.10
DYODD
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...
Successful Retest: TRX price successfully retests the broken $0.085 zone, indicating bullish strength.
50-day EMA Reversal: The price finds an early reversal from the 50-day EMA, showing high demand at lower levels.
Targeting $0.10: With the ongoing post-retest reversal, TRX aims for the $0.10 mark this year.
Intraday Growth: Currently trading at $0.08757, TRX...
Positive Trend: TRX displays a positive trend with a successful retest at $0.083.
EMA Support: The 50-day and 200-day EMAs provide constant support to the uptrend.
Target of $0.10: With the successful retest, TRX may soon cross the $0.10 mark.
Notable Uptrend: TRX shows a remarkable uptrend in 2023 despite market volatility.
Double-Bottom Reversal: A slightly...
Logarithmic chart shows tron in a massive triangle which is holding for now , if the market doesn’t fall bad and keep how its going and if triangle doesn’t break down then i think 2$ for trx is an appropriate target at the end of 2024 and peak cycle , it showed a good strength and also having a greatest daily usage by user , china entering and legalisation the...
Positive Trend: TRX is on an uptrend, breaking above the $0.083 resistance.
Triangle Breakout: The weekly chart shows a bullish breakout from a descending triangle.
YTD Growth: TRX has seen a 65% growth year-to-date, defying the bear market.
Psychological Mark: TRX is approaching the crucial $0.10 mark.
Rounding Bottom: A bullish pattern suggests TRX could reach...
TRX price action indicates a bullish trend for 2023 with a year-to-date growth of 48.45%.
TRX faced resistance at $0.085, leading to a pullback to the 200-day EMA.
The price action suggests a potential inverted head-and-shoulder pattern.
A recent bullish reversal has pushed TRX to $0.080, with an intraday pullback of 0.49%.
Technical indicators like the RSI and...
Long term cup and handle in play, with potential target above $2.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal...
TRX price consolidates between $0.075-$0.078.
TRX aligns closely with the 50-day EMA, hinting at a potential breakout.
A bullish surge could push TRX to $0.085.
TRX has seen a 42.97% growth in 2023, with a 52-week high at $0.085.
Currently trading 17.59% below its 2023 high of $0.094.
Positive alignment of the 50 and 200-day EMA post-golden crossover.
1-day chart...
Tron blockchain is necessary and I don't see much decline in it. It has performed well compared to others during the crypto crash.
The price pattern is rather good. Waiting for point c would be ideal, but I don't think that point c would be a heavy drop considering the specifics of the trx movement. Point b is also currently in progress, which already indicates a...
Since November 2022, TRX has been trading within a parallel upward channel. The upper boundary of this channel is serving as a robust resistance, while the lower boundary is acting as a strong support line. In our prior TRX analysis, we noted the likelihood of TRX reaching its lower support line before determining its direction. In the recent cryptocurrency market...
