Greetings there traders this is my analysis for Tron and it is long.
On the chart we can see how the price has managed to move during the days that where behind us.
If the price manage to break above the right shoulder we will see another high level of a movement to the Resistance Level 0.11925 key level .
Traders make your own analysis before trading.
There is a Trading Signal to Buy in TRXUSDT TRON
Traders can open their Buy Trades NOW
⬆️Buy on 0.066 or Buy on downtrend breakout
⭕️SL 0.05 or SL on uptrend breakdown
🔵TP1 @ 0.093
🔵TP2 @ 0.109
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Besides fundamental reasons of a massive forced liquidation sale caused by unsubstantial FUD and market manipulation being insanely bullish for Cryptos in general, TRX Is in a beautiful expanding triangle pattern. Both the rally over the last few months AND this correction over the last month are both expanding triangles.
This explains why the last wave down...
During the dump of the last couple of days, TRX has formed a Pennant pattern. With BTC reversing strongly as of today, most alts are regaining some of their losses rather quickly.
For the coming couple of days I'm quite bullish . As always, keep a close eye on Bitcoin in case it reverses, since all alts are highly correlated to BTC .
We're in the 3rd wave longterm, as confirmation, breakout of the triangule will be our entry (if you want)
Anyways I trust in this project, and my prediction is 41$ based on fibonacci fractals and bar patterns from BTC-ETH.
Let's buy and HOLD up to January.
Let's take a look at the global picture of TRXUSDT
It can be seen from the graph that from September 2020 to February 2021 TRX was actively purchased in the range of $0.025-0.035.
And then, after such a consolidation, a logical shot up. The market managed to raise the value of TRXUSD by 500% - whether it is a lot or a little for TRX investors we don't know, we...
Over the course of a couple of days, TRX has formed a nice inverse head & shoulders pattern, the bullish variation on the classical head & shoulders pattern.
The market is currently heavily influenced by the movement of Bitcoin. With BTC's outlook being much more positive than a couple of days ago, we might see this pattern coming to fruition.
Wait for the...
Like a lot of of cryptos, XRP has been forming a triangle over the last 2 weeks. As of late, the triangle has been broken on the upside, potentially marking a new bullish move upwards.
I'd need to see some more confirmation around the 0.078 level resistance before seeing a valid entry.