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Tron (TRX) - we are waiting for a global growth wave to $0.09The week of trading on the TRON (TRX ) market ended with an unsuccessful attempt by sellers to continue the wave of decline without correction and gain a foothold below the liquid range of $0.059-0.062. Having used small volumes to continue falling, sellers were able to touch the $ 0.046 mark. However, the weekly candle closed at almost $0.065, creating a false breakout of the range of $0.059-0.062. This fact testifies to the local weakness of sellers below the range of $0.059-0.062. The first local pivot point for sellers to continue the downward trend is in the range of $ 0.067-0.068. On the daily timeframe, it is clearly seen that it was after the breakdown of this range downward that sellers were able to lower the Tron price by 30% in 2 days: In addition, a sharp counterattack of buyers, which also lasted 2 days, stopped exactly in the range of $0.067-0.068 . Therefore, in order to make a trading decision to buy, it is necessary to wait for either a breakout of the range of $0.067-0.068 upwards and expect a retest of this liquid zone from above, or wait for a local price decline to $0.059-0.062 and buy in this range. Why is there a high likelihood of a new wave of decline in the TRON (TRX) market in a local perspective? Firstly, do not forget that although the wave of decline in the TRON market, which began in May, has slowed down, a clear falling TRX price channel is visible on the chart. Secondly, the daily chart shows that on June 23-24, buyers were much more aggressive than in the last 4 days. This is evidenced by the aggressiveness of candlesticks and volumes. Third, on the TRXBTC chart, we see a stable price movement in a falling channel and low trading volumes. This fact indicates that the situation on the TRON market has not changed yet. Buyers face another toughness test, during which they cannot be allowed the TRX price to renew the previous low. In this case, the main target of buyers is in the range of $0.09. However, if recently the price of TRXUSDT could do it in a few days - now it may take several months. A significant decrease in trading volumes and a negative situation in the crypto market have significantly reduced volatility and optimistic scenarios for updating historical highs of coins. This is our main scenario for now. However, if buyers cannot hold the range of $0.059-0.062, we will expect the continuation of a powerful wave of decline with the target of $0.037-0.039 P.S. - our previous TRX forecast worked out completely: ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
34
Tron (TRX) - June 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSD 1W Chart) It remains to be seen if it can move above the 0.07500028 point to continue the uptrend. (1D chart) We will have to hold the price in the 0.05118284-0.07253780 range to see if it can turn into an uptrend. If it goes down, you should see support at the 0.04050536-0.05118284 zone. ------------------------------------- (TRXBTC 1W Chart) If the price holds above the 259 Satoshi point, it is expected to create a new wave. (1D chart) We'll have to see if we can get support by going up to the 199 Satoshi-215 Satoshi section. If it goes down, it should find support at the 168 Satoshi point and see if it can move up along the uptrend line. In order to turn into an uptrend, it needs to rise above the 194 Satoshi point to find support. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:TRXUSD
by readCrypto
$TRX/BTC 4h (Binance Spot) Descending broadening wedge breakoutTron has broken out bullish locally and looks ready to continue upwards after that 100EMA retest! Current Price= 0.00000191 Buy Entry= 0.00000190 - 0.00000184 Take Profit= 0.00000205 | 0.00000219 | 0.00000237 Stop Loss= 0.00000172 Risk/Reward= 1:1.2 | 1:2.13 | 1:3.33 Expected Profit= +9.63% | +17.11% | +26.74% Possible Loss= -8.02% Fib. Retracement= 0.786 | 1 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 weeks
Long
by TradingOn
Tron (TRX) - June 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSD 1W Chart) If the price holds above the critical support point of 0.04413840, we expect the uptrend to continue. However, if it falls above the 0.07500028 point, it may fall near the 0.04413840 point to rise again, so you need to trade cautiously. Acceleration of the uptrend is expected to begin with a rise above the 0.09289318-0.10168507 section. We expect further gains as we are seeing our first gains over a long sideways phase. (1D chart) It remains to be seen whether the 0.07253780-0.09389276 section can continue sideways. If the 0.07253780-0.09389276 section continues to converse, it is expected to turn into an uptrend. If it goes down, you should check to see if it finds support at the 0.05118284 point. If it falls in the range of 0.04050536-0.05118284, it is expected to take a long time to rise as it enters the long-term investment area, so careful trading is required. ------------------------------------- (TRXBTC 1W Chart) If it fell from the 318 Satoshi point in the month of June 2019, it has been sideways so far. It remains to be seen whether the sidewalk can continue beyond the 165 Satoshi-194 Satoshi section, which is the middle section of the sideways section. An uptrend is expected to begin with the breakout of the 318 Satoshi point. (1D chart) It remains to be seen if the 199 Satoshi-215 Satoshi section can support and rise. If it falls from the 199 Satoshi point, Stop Loss is required to preserve profit and loss. However, careful trading is required as it can touch the 165 satoshi point and rise. A consolidation above the 215 Satoshi point is expected to continue the upward trend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:TRXUSD
by readCrypto
TRX Is About To Fly To The Moon 🚀 🚀 🚀💡 Trade Idea 📈 TRX/USDT Buy Limit Order @ 0.0789 🎯 Target Profit 0.0922 🛑 Stop Loss 0.0746 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! Description: The coin managed to break the bullish flag formation to the upside along with a strong positive momentum. A lower correction might be seen toward the strong support (highlighted zone). This move could lead to a move upward again in the same direction of the main trend.
Long
by CollegeofPips
Tron (TRX) - May 23Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSD 1W chart) (1D chart) We need to see if we can get support at 0.07253780 and move up along the uptrend line. If it falls, you can touch below the 0.05118284 point, so you need to trade carefully. In order to turn into an uptrend, it must rise to the range 0.09389276-0.10457024. ------------------------------------- (TRXBTC 1W chart) (1D chart) We have to see if we can gain support and ascend in the 199 Satoshi-215 Satoshi section. If you fall from the 199 Satoshi point, you can touch the 168 Satoshi point, so you need a Stop Loss to preserve profit and loss. In order to turn into an uptrend, it must rise above the uptrend line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:TRXUSD
by readCrypto
1