🔥 TRX: 1.5 Year Bearish Triangle For Patient TradersOver the course of the last ~1.5 years, TRX has been forming a massive bearish triangle pattern. Bearish triangles classically break bearish, so that's what we're going to look at today.
Be aware that this is a trade for the patient trader. Wait for the break of the lowest purple support before scouting an entry.
Since the support has been holding for so long, a break of said support can lead to a massive sell-off because of all the stop-losses below it. Targets in blue.
TRXUSDT.3L trade ideas
Tron TRX - 51% crash very soon!
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
This chart indicates that more blood is coming for the crypto market. It's possible!
I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
For more ideas, hit "Like" and "Follow"!
TrxUsdtTron rdy for break Triangle
can break this triangle big move can happen
remember Tron cant pump like others but remember this blockchain usfull
all watch ETH but u know more transaction on this blockchain after more years and low fee
so this can save
u can sy this cant reech u but cant say like luna or FTT destroyed
GL
EntryPoint:
0.04904
0.04348
Supports:
0.03855
0.03249
0.02611
Resistances:
0.05691
0.05765
Targets:
0.06696
0.07558
0.08531
Mid Time:
0.10136
0.12624
HODL:
0.16687
0.19300
0.23792
GL
TRONmageddon- not much to say, with BTC confirming a downside breakout it is more than likely all alts follow
- unlike some, TRX hasn´t fallen too much so there is still time to position yourself short as the R:R is still favourable, SL slightly above the neckline of the descending triangle makes sense
- looking for at least a 50% drop
TRON to save the dat for FTX?i suppose that will be enough toxic debt to nuke the price over 50%. whatever the catalyst still will see .03 for trx in the near future and most likely the lower levels before any signs of significant turnaound. ggs