Hello Traders i hope you are doing well
last time i shared TRX analysis and still my bias is bearish on TRX
i shared TRX short plan on basis of
as you can see TRX on strong resistance give a breakout on 4hr but the closure is below resistance so we can consider this breakout is deviation or fake out
As you can see TRX taken upside liquidity but the downside...
🔥 Hi friends! Justin Sun is an owner of Tron Network (TRX) and Huobi exchange. The latest data shows that almost 80% of Huobi reserves were withdrawn from the exchange due to FTX collapse. This is a largest outflow among the largest crypto exchanges. Additionally, Justin Sun wants to buy parts of FTX to be the leader at the US market, so it’s a good news.
Trading volumes indicate a lack of interest in falling prices.
Tron is trading above liquidity.
Price successfully tested 50EMA as bearing support (4H TF).
I expect a rise if TRX successfully fixes above the current support level.
it is the time are forcing protocol failures. ftx insolvency is one of the craziest events i have witnessed in my 10 years in crypto. a domino effect, where stables of various protocols will show its vulnerabilities, rinsing billions from the industry.
goodluck touch grass and be safe
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...
TRX: Price Just Tested A Very Strong Weekly Support Zone
After the price moved down like all the cryptocurrencies now we can see a small
pause from the previous week.
The support area near 0.046500 is pushing the price up again.
I am looking for the price to rise further during the coming weeks considering
that 0.046500 didn't let the price decrease...
Hello traders yesterday i have shared planned for TRX and i shared what i am seeing in charts
Right now i just find scalp for TRX and i am expecting TRX will dump very soon as you can see its moving in rising wedge and its interpretation is breakdown
yellow lines are my targets
Follow me and like for support
Over 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...
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
(TRXBTC 1W Chart)
The range of 0.0000 0259 to 0.0000 0311 is the boundary between rising and falling.
Therefore, if the price stays above 0.0000 0311, it is likely to release upward...
As previously mentionned in the short-term analysis for TRX (cf link below), I would like to share my mid-term view on this crypto.
In 2D TF, we can see that selling pressure is increasing:
MFI values broke and were rejected by its long-term trendline
The same phenomena are confirmed with OBV
In lower TF (1H), the selling signal is triggered as...
Looking at the chart we can see a double bullish divergence pattern on the RSI and the MACD.
For the entry wait until the price has reached the entry point shown in the chart.
We expect for the price to go up and hit the targets.
All the details are shown on the chart.
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red...
Price action and chart pattern trading setup:
> A massive bullish wedge downtrend wave ready for bull rally + 150% upside (0.11+ USD)- strong dynamic SMA200W and wedge TRIPLE PIN BAR trendline support.
> The key symmetrical resistance to breakout SMA200D and upper resistance 0.06 price if breakout successfully the next target at 0.07 and 0.09.
> Indicator: both...
Tron 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...