I like this one.
It's got good potential making new highs.
Becoz it had been up for a long time.
For me; it need to respect the trendline.
If it touch .11 .105
it's gonna be off tune
So far.. up up and away.. .12 .13 stepping up style
All the best
It is moving in a medium-term ascending channel in H4 time, which is currently above 61.8 Fibo. If the current area is maintained, it will have the ability to reach the red box area. Otherwise, it can make a correction to the lower area of the demand area. and then, if approved, he can move up to the roof of the channel
TRX has had a very long bullish run without any proper corrections.
We are looking to see that upper resistance to be reached and a potential small correction to take place (leading price to touch at least 100 EMA, and who knows, maybe even 200EMA as well)
Swallow Team
🔮 #TRX Analysis - Breakout Trading
🌟🚀 #TRX was trading in a "Cup and Handle Pattern" and here we can see that #TRX gave a great breakout. We can see a bullish move immediately or after a retest of neckline 📊📊
🔖 Current Price: $0.11728
⏳️ Target Price: $0.15096
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart...
With all other cryptos in the dumpster, tron has atually maintained its price and has been increasing steadily. If past patterns are any indication, this trend will turn parabolic (most likely in my opinion) or reverse spectacularly.
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about TRX
TRX Ascending channel formation in 1D Timeframe
In case of Breakout,Expecting 20%Bullish Wave
Tron has been growing since November 2022, together with Bitcoin and most of the Cryptocurrency market.
Total growth to 14-Jan 2024 amounts to 160%... I am wondering, is this the top?
Because if it is it can mean that Bitcoin's top might also be in and what follows next is the down wave.
Here is the major ascending channel with more than a year of sustained...
TRX is feeling pushy here after having that "fakeout" movement near the upper resistance zone.
We had rejected the higher zones here, and now the price is trading slightly below the resistance. We want to see that zone controlled by bears, which would mean we will see a potential movement to EMAs.
Swallow Team
If Tron can breakout of the .1106 level, it might be able to run hard for a bit. It's above the 50 DMA and the 200 DMA on the 15 min chart as we speak.
In the four-hour time frame, according to the strong downward momentum of the price movement and selling pressure in the market, if the range of 0.1065 units is broken and the price stabilizes below it, the price may fall to the range of 0.1040 and in the case of the strength of the range of 0.1025 units.
Otherwise, the possibility of price increase up to the...
Based on the provided market data, the cryptocurrency TRX (Tron) is currently trading at $0.11 against USDT (Tether).
From a technical analysis perspective, the Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 55.83, 61.70, and 73.28 respectively. These values indicate that TRX is neither oversold nor overbought in the short term (4h), but it is...
my entry on this trade idea is taken from a point of interest above an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
