- TRX/USDT was bounded in the ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price brokeout above the ascending triangle's horizontal resistance as expected.
- This is a bullish signal.
BUY ENTRY ⬆️
- Current market price.
- Fibonacci extension levels 1.0, 1.272, 1.414.
SETUP INVALIDATION ❌
* TRX is consolidating between it's resistance around $0.10550 and it's support zone near $0.082
* The below Ascending trendline is too working as support for the price.
* If the price breaks the above resistance we can see a rally till $0.12. TRX is bearish below the trendline.
Tron saw a downtrend from the 0.12303 resistance level. However, it got a new support at 0.08237 and it's going bullish. If it's breaks the 0.12303 resistance level, then we are sure to see price reaching the forecasted point.
💥Hi my Friends,
🟩 TRX shaping a symmetrical triangle and almost ready to explode
also, If you notice the area where TRX trade now is a very strong support area with a good volume
and ready to explode from that good base
Entry:- After breaking out the triangle and close 4H above it
Close 4H below...
#TRX/USDT TA Update:-
$TRON currently trading at $0.119
Which is 18% up from our lower entry.
In the LINE chart also breakout and Retest also confirmed.
Now Waiting for Big move from here.
Stop Loss same at :- $0.09
If break $0.152 then we can see new All time high.
In one version for TRX charting, one would assume that TRX topped in its wave 1 in April 2021 at about 0.166, when bitcoin realized its ATH .
following the market correction, TRX retraced to 0.381 FIB and held that support level quite well.
If things continue well, the long term targets for TRX are shown in this chart, hitting the 1.618 FIB at the end of wave 3,...
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
How's your FTT bag?
today we lookin at TRX , Tron is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications...
Looks like the crypto markets are bottoming out here. Based on my wave count on TRX it looks like it could go to around 30 cents this quarter. Rest of the crypto markets will probably see large gains as well. Price action, momentum, and wave theory all looking really bullish here. TRXBTC is also is in a breakout pattern so it looks like TRX will out perform BTC...
in this chart we can see a clear uptrend after a long time correction!
by using a 200 day EMA on daily chart, it is obvious that the price has reached a support area!
The RSI is ready to break out the trend line and the price may goes up to 161% Fib Level!
The last time we did a global idea for TRXUSDT was in May of this year, less than two weeks before crypto prices started to collapse (ohhh, then we read a lot of hate .... "what are you writing, this growth can't be stopped, etc." but :)
Since then, the price of TRXUSD has managed to fall by -65%: