It is noteworthy that, against the background of the hype formed around TRON, the price of the project could differ from the behavior of other assets in the market.
The price showed a serious jump up, and given the inevitability of the onset of correction (against the background of profit taking by users who purchased the asset for speculative purposes), in the...
Detected Cypher trading Pattern
Cypher Pattern – Rules
The Cypher pattern starts with a market price that establishes the X and A points. Once this leg is determined, the pattern evolves.
Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA
Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension...
Looking deeply on the market structure of Trxusdt we can see that price break away from faling wedge pattern and since then it has been trading inside a rising channel with potential ISHS formation.
Kindly follow the suggested Buy Level on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
-Falling wedge on daily time frame including the RSI.
-Starting to show bullish divergence.
-Targeting the conservative target of falling wedge.
-Use a stop loss.
Trade with caution since bitcoin can move at any time and screw our trade!.
Hi, today we are going to talk about TRX!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: D1). Details are highlighted above.
Thanks for reading, and have good trades.
TRON could make a pretty big move after it makes a breakout above the inverted head and shoulders neckline.
Actually, if we start to draw this neckline from the bodies then it has made a slight breakout above the neckline but it is not so convincing.
Let's see what we get from this idea, definitely, another BTC short squeeze to the $5,600-800 will help to...
I expect one wave more in the triangle before this price action to the upside happens but this last wave triangle failure in the crypto market is very often! Check ETHUSDT triangles in last two years I can remember minimal 3 or 4 times that the last wave in the triangle is missing and also other Cryptocurrency pairs are the same! This happens in the uptrend mostly!
Over the past week, Tron has seen a price increase totalling 14%, bringing the current trading price for the cryptocurrency up to around $0.029, at the time of writing. Furthermore, the 19 month old cryptocurrency has now seen a 31% increase in price over the past 30 days as Tron now sits in 11th position in the market cap rankings with a total market cap value of...
After the TRX increased $0.034xx (up 180% compared to the bottom price), TRX moves sideway in the corrective wave
The first targtet will be at the neckline of H&S 0.030xx - 0.031xx
If breaking strong resistance here, target 2 will be 0.040xx-0.041xx
Stoploss at 0.02160