intuition suggests accumulating position at this mid upper part of range
weakness in recent uptrend suggest liquidity at a lower price likely, tight stop and profit at .04450
TRX
SELL. Testing the harmonic strategy with fib retracement
sell according to fib 0.618 tp 0.5 as tp
Hope this will work. also the bias is sell.
Goodluck.
the pioneer when it comes to dapps gaming and staking
not to forget an OG in peddling across sectors from Buffet program all the way with building communties among Roundtables and online forums
this could de throne Solana Luna and Shiba or re claim it's top spot in the spACE
After unsuccessful attempts to break the downtrend line TRX tests 50EMA as resistance (1H TF)
Trading volumes have declined and the price has approached the lower boundary of the uptrend channel.
I expect a fall after the price fixes under the lower boundary of the channel.
We've got a descending triangle pattern printed waiting breakout for confirmation.
TRX looks really bad if neckline breaks.
It can go down as much as 75% from the point of the potential breakout, this could imply that USDD could also go bust as Justin Sun fails in saving FTX and end up being the last man boarding titanic.
###NOT FINANCIAL ADVICE###
If Tron Breaks out of this Consolidation Pattern on the Weekly/Monthly we could see it begin an ABCD BAMM to Finish off an AB=CD Projection on the Logscale Chart that would take it up to the 2.618 Fibonacci Extension Above.
There's not much room left for Tron (Trx) before we see a breakout. Let's get ready to rumble!!
12th December deadline! Expect breakout to occur before then!
THE US had a rate hike which was as expected and yet we still see the charts go crazy, not just bitcoin but most of the top-10.
The one surprise was that inflation did not drop at the rate it was forecast to do. The drop was 0.1% and not 0.3% as expected.
So where to from here?
Well that depends on how we close this 24-hour range and if we can take the high of...
If there were any time to buy Trx, then it would be the most opportunistic moment right now. The risk to reward ratio is somewhere in the range of 20,000% from where we currently are in the price.
I really don't see Trx going any lower. Buy and hold all, we're in for an interesting roller-coaster ascent 🎢
It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario.
So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue.
I'm surprised...
We're at a pinnacle point right now and whether Tron will explode upwards, keep going sideways or fall to the downside. Something's about to give! Getting exciting!!!
the price will test the support level $0.045 and then it will start to rise, the resistance levels it will reach are first $0.18 and then on breaking the level of $0.195 the next resistance is $0.31
The chart pattern formed before the bars pattern is acting both as a symmetrical triangle and a bullflag
This can lead to a massive jump in price very quickly
The bear market hasn't even made a dent in the prices formation of this structure
I expect this from TRON aswell, being a large and relatively popular blockchain
Things like this can happen
Weekly chart
