TRX Has broken out from this 6 year triangle and perfectly retested the trendline. As long as support at 11 cents holds TRON looks ready to finally end 6 years of volatility compression with a massive decompression that could send prices vertical in a similar fashion as what we saw in 2018.
Best case scenario TRX is over $10 next quarter, but at minimum we should...
Long time no see with TRX :D I still think this looks bullish. Can't see a distribution like action. Most likely, dalai lama to the highs, a little pullback, big green candles.
Logarithm. Time frame 3 days.
The ascending channel in the lower part of the big triangle. Local work in it from the key support / resistance levels.
The whole range of this channel on a larger scale. .
Everything is more detailed and shown in the ideas of the main trend. .
TRX/USD Main trend. Channel. 17 11 2023
Note where this zone (channel) is in...
TRX Price $0.133197
TRON ROI 6909.8%
Market Cap $9,544,890,728
Market Cap Dominance 0.38%
Trading Volume $5,067,746,034
Another coin that fell off many people's portfolios after the broken hearts and lack of movement after the 2017 hype. Here are a couple of my proposed scenarios. In order for me to maintain a longer time bias to the upside and to maintain...
After reassessing the wave structure on TRX with Glenn Neely, particularly the structure which began at the high in 2021 up until now, it seems to indicate that we are in a complex correction which began with a triangle and is now ending with a diametric.
If this is correct, TRX should be beginning the next phase of the bull market now. This would mean that we...
AMEX:TRX perform a good bullish wave, and reach channel up support.
This is a good moment to enter and follow bullish market at TRX.
we can buy now around 0.13620 or wait after bullish confirmation trendline broken up.
I will update this analysis if I found a new key level.
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Happy trading, Good luck
TRX broke above 2021 SEPT-DEC resistance $0.120.
as long as price above $0.12, we are still bullish with TRX.
next resistance 0.160 is MAY2021 high
MACD sloping up , indicate momentum is still favor to the bull.
DYODD
I'm not too happy with the low volume. Look for an influx of volume after the breakout of the top of the triangle. Tron is finishing its 5th wave to push through the upper triangle something it hasn't done since Jan of 2018. Doubling the triangle gives you a target above $20. Not bad with a current price under 0.14
This coin and ecosystem still has life as show in in the charts.
Even if its just a network to move dollars around in SE asia
That's a good enough usecase , considering the size of the population in that part of the world.
Therefore the gas token #TRX would very much be needed.
and positive price actions, sparks speculative juices which feed on the price.
TRON ( CRYPTOCAP:TRX ) executed a substantial token-burning event on February 14th. The initiative saw the elimination of 9.9 million CRYPTOCAP:TRX tokens from circulation. This decision aligns with TRON’s commitment to implementing deflationary measures and fostering value growth within its ecosystem.
The token burning event has already shown tremendous...
Ever since it broke up from the cup and handle pattern that I posted a chart about a week or 2 ago price action has been climbing the measured move line like a staircase this whole time so far. Always a remarkable thing to witness imo. You cant really get a good view of how it has been climbing this line on the previous chart idea I posted on it because its all...
As We see on Tron coin, its appear to be an VCP pattern where the volatility were for to long contracted.
Breaking out as the image shows, from 0.085$ level to 0.12 minimum.
Cheers
TRON's PA is a thing of beauty. The HLs in HTF on the ascending triangle are aesthetically perfect. Price has been on the rise for a little less than two years. Sooner or later the god candles will print out.
