You should get support at 0.01120.
You need to see if you can climb above the uptrend line (1) and touch the 0.01364 point.
First of all, I want you to rise above the long-term uptrend line (2).
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TRX price action: above EMA 21 and 50 periods, current testing resistance at 0.01444$ level, EMA100. TRXUSDT breakout of resistance trend line with volume. Upward potential target 0.018$ and Major Resistance at 0.0188 ( 0.618 fibs level).
Volume: bullish Volume increased.
Indicators: MACD bullish crossover above zero line, RSI above 50 points. Bullish...
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
huge sell off we have seen lately may provide buying opportunity here with possible retest of 1,5 cent ( huge breakdown level )
So as long as we stay above demand zone Im buying:
stop below 1c
First target around 0,0148
Today today i am gonna be doing a quick and simple analyses about TRX/USD that made a Head n sholders reversal at an important Resistance level , witch defines a Bull trap. We consider traps the most powerfull indication of price action for decision making in trading.
Now the price is making a Bear Flag, We belive the price has a chance to test the...
It should rise rapidly above the rising trend line (1).
If you fall on the uptrend line (1), the rise may be delayed in line with the rise of the BTC.
You should check if the closing price can be generated above the 0.01120 point.
The key point in your current location is 0.01364.
All coins are located at attractive...
For TRX/USD we can see that the bears take all control, we are at all time low of TRX and we can see a bearish pattern forming at the daily chart called as ascending wedge.
I will not short this asset considering we are at all time low, i will look for Long position if we go above this firts resistance line so i can consider this hole moviment as a...
Good day traders
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We got a LONG signal on TRXUSDT
Buy zone, Possible targets and Stop Loss are indicated on the chart
Here are links to the...