Still working on a weekly candle close above the rimline of this cup and handle and also the top trendline of an even bigger symmetrical triangle pattern seen here on the logarithmic weekly chart. The smaller and more realistic potential breakout target here is for the cup and handle pattern, the one that’s al the way up at $23 is the target for the symmetrical...
1. We are above previous week high.
2. We have mss.
3. We have a run on stops.
4. We have an immediate rebalance hence indicating strength.
5. We have our draw as the volume imbalance.
The steady upward trend of Tron might interest many investors who like the combination of creativity and earning money with internet content. Because that is the main goal of Tron: to facilitate creative people to earn income with various content. The fundamentals of Tron are quite nice.
The price action of Tron is a steady upwards flow, accompanied by some...
as previously mentioned, Tron has been in a range for the next few weeks and right after breakout has been in the range again with bearish engulfing candle. high probability that it will go down the bottom of the range and where is our target is!
TRX has been in a range for months, tried to break out failed and back in the range with bearish engulfing candle, we are short from here to the next support zone!
What will happen to the coin in the near future with a high probability. Buy exclusively from these zones and the red zone is a squiz zone if bitcoin is very bad and it falls badly in autumn. The expected start of the bull race on TRON TRX is waiting for a week-long candle on November 14
Currently, it seems that the price of Tron is in a weekly upward wave, and now after the completion of the wave (II) with a zigzag correction and collecting orders (Stop Hunt) it is ready to start the upward wave (III) .
It seems like TRX is finishing setting up the breakout of a 6-year resistance line, going back to 2018. Upward movement is very healthy, and the very low volatility and volume imply a large movement ocurring soon. The range between 2020/03/13 ($0.0066358) and 2021/04/16 ($0.18442608) give us a target of approximately 2780% x 0.1085 == $3.15.
Yep. Tron is and HAS been making sustained higher highs and higher lows. This is in a bullish trend on ALL time frames.
Own or be long... looks appropriate to me
On the D1 chart the trend started on Nov. 14 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.0875 (Binance)
But we should not forget about SL = 0.1135 (Binance)
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!...
I believe that a significant Bitcoin price drop to $35,000 could trigger a liquidity crisis in the broader cryptocurrency market. This event would likely lead to a widespread sell-off of various coins, including Tron. Tron's vulnerability stems from its common use as a margin currency for Bitcoin trades, meaning a Bitcoin plunge could force Tron liquidations,...
AMEX:TRX inside ascending triangle and already touch fibonacci support 0.10212
this coin already enter accumuation with 5 days and 12 hours consolidation,
you can see I also draw bullish trendline,
in the next hours (not more than 12 hour), this coin will rally to reach triangle resistance,
maybe with little a pump, that indicate the consolidation time already...
We have identified a strong bullish setup on the TRXUSDT H4 chart. The bullish order block appears robust enough to sustain its uptrend, with a risk-reward ratio of 1/5
Hi traders!
The price has been in a very well respected channel since November 2022. We are expecting the price to retest the upsloping support and from there to continue the upward trajectory.
The long position can be taken at the upsloping support and the target would be at the upsloping resistance which is the upper boundary of the channel.
TRX continues to march into its current bull channel, pressing on for higher prices. The price just touched the channel resistance and is pulling back, but to what price? We have the previous high in the channel at $0.095 then the 30EMA and bull channel support around $0.09.
How do we trade this?
We're in a bull channel, which means our probability of profit...
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...
