🔸Hello traders, today let's review daily price chart for TRXUSD . strong gains recently off the range lows, however currently price getting overextended and trading near range highs, so overall risk/reward is shifting in bears favor. expecting pullback in this market in May/June 2023. 🔸Active trading range is defined by range lows at 0.055 cents and range highs...
After breaking the resistance of 0.07159, the price can grow up to the specified area.
We can clearly see the bullish flag on the 1h Time frame. There is no divergence on the RSI so I am expecting this trend to continue. Entry Point: 0.06953254 Stop Loss: 0.06711306 Take Profit 1: 0.07193282 Take Profit 2: 0.07443984 Risk: 2% (split into two trades)
It's been a while since Tron's time and price correction ended and I'm waiting for Sharp's moves.the first target is 18 cent. good luck & patient
Looking forward to greener days for TRX, it has broken the descending triangular pattern and would make higher high or retest the support. Am bullish on trx
Trx can only touch one place first which is either 0.102 or 0.04 To know which one first is not difficult as lower time frame could be analysed further to detect the right direction from broad direction of weekly frame. By your own observation, which one first? Thanks.
Based on the severity of this pull back It seems like the breakout for TRX has failed, and based on the macro environment the probabilities are mounting we may briefly see new lows this year before pushing towards all time highs. This seems to be coinciding with a crash in the US banking system, which will eventually lead to a fast response by the Fed to turn the...
TRX appears to be ending a triangle which began at the beginning of it's price history with the lowest point being wave-A of the triangle, and wave-E reaching its conclusion now based on the time target of E=(C+D)/2, and a price target of of E=C(0.382). The internal structure of wave-E has formed into a perfect triangle with wave-e of E now reaching its time...
Currently Tron is in a falling wedge pattern almost about to retest the uptrend a 2nd time. I believe that it's about to start moving back up to 10 cents in the coming days before it begins to move even higher.
We've waited such a long time for this moment with Tron. Seems to be the narrative with a lot of altcoins right now. Huge falling wedges that are now starting to breakout.. eg. Xrp.. Vechain etc! Utility tokens! Although Trx seems to be a bit further ahead in the charts, so I expect Tron to start moving first! Get ready!
We could see a move to .062 possible .064 in the daily. However I expect further decline in the market (bearish) In on another buy for now up to at least $0.062 but then shorting for another entry
TRXUSD bearish trend continuous as three black crows printed in bearish trend
trx is holding current levels even if we do dip down from this current area the next target is 30% up im looking forward to seeing how fast this happens also i guess trx fits the hong kong narritive
TRX had a similarly Bullish ABCD BAMM Pattern on the FTX chart but that has since played out and gotten shut down. Now we move on to currently active exchanges and we can still see a Potential ABCD BAMM and a Cup With Handle; if we can stay above the moving averages i suspect we will pump to the measured move between the 1.414 and 1.618 Fibonacci Extensions above.
If it breaks the accumulation zone, we can see the advanced phase and a good bullish rally.
Posting this up to see where it is in the future............