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Tron TRX is breaking out! Explosive pump is likely. As you can see, TRX is currently breaking out of the descending triangle on the daily/weekly timeframe, and an explosive pump is now likely! The take-profit is at the top of the triangle, which is 0.18 USDT. I think it's possible to go higher, but we don't want to risk anything, because we could be in wave 5 from the Elliott Wave perspective. Triangles are typically formed as a 4th corrective wave. This bull market that started in January is absolutely amazing, and I hope it will continue as long as it possibly can! We want to take as much profit as possible from this bull run. Sending USDT via the TRX network (TRC20) is very popular among crypto people. Furthermore, Tron's value held up very well during the 2022 bear market. It's definitely a positive sign. Now is the best time to buy TRX if you don't want to miss out on the upcoming pump! It will be huge! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If we take a look at the previous price action from 2020 to 2021, there are no gaps that need to be filled. In other words, it's possible that we will never go back to these levels. I'm not sure how you feel about it, but I'm already long in the futures market. 171% is a good profit, so be greedy! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
Can bulls do it?Hello every one Today i want to share my idea with u. On the 3-day time frame, we notice the intersection of the upper part of the descending channel with the red horizontal resistance This intersection (yellow zone) indicate a strong resistance for the bulls to break it Keep your eyes on it.👀 We expect a breakout to occur soon, and if this happens, we expect a strong rise of 300% Don't forget to support us with ur like and follow me for more updates.💙 Good luck👌
by ceciliones
5
TRX - Tron is Ready to Breakout of a 2 Year Bullish Pennant!You will be hard-pressed to find a more bullish USD alt chart out there. Tron has a beautiful bullish continuation structure here on the daily that has been forming since the COVID crash in March of 2020. This massive pennant the price action has bouncing within is almost 2 years in the making. I think the breakout here could be huge. The price action is currently repeating the same exit pattern it had back in 2021. If Tron breaks out, buckle your seat belts and HODL on tight! I'm long here.
Long
by jpbrown1023
2
TRX Tron the Next LUNA ? Justin Sun is the CEO of TRX, Tron, the 15th biggest cryptocurrency, with a market cap of $4.74 Billion. Justin Sun`s TRX also controls a stablecoin, USDD, that keeps on depegging from the dollar recently. He has also a controlling stake in Singapore-based Huobi, the fourth largest digital asset exchange. Yesterday the amount of withdrawals from Huobi were significant, $60 Million. There are Insolvency Rumors for Huobi. I think TRX will ultimately reach its pandemic low of $0.0072. Looking forward to read your opinion about it.
Short
by TopgOptions
2
TRXUSD is ready. Are you ready for this? 50 % dump (NEW)TRXUSD looks ready. The price has been in the descending triangle for a long time. Now it looks like it's ready for a breakout. Taking into an account very bearish sentiment in the whole crypto market, we expect that it will break down. Targets are shown on the chart. We don't expect it to go to zero therefore targets are defined based on the historial key supports instead of traditional methodology applicable to trading descending triangle pattern. Expect more FUD in crypto market which could be a trigger for a triangle to breakdown. good luck
BINANCE:TRXUSDShort
by vf_investment
16
TRX - Range trend but positive momentumDuring the past weeks, TRX had a range trend but positive momentum. The price of Tron entered a correction after the bearish wave, which was able to stay at the support level of $0.053-$0.054 by breaking the downtrend line drawn in the previous analysis. Again, a positive reaction has been observed at this level, which indicates the attempt of buyers to grow the price to the resistance of $0.057 to $0.059. In general, the major resistance in daily time is considered in the range of $0.070. But in the 4-hour period, if the $0.059 resistance is broken, we can expect further growth and an upward trend. So, in general, for this week, the resistances of $0.059 and $0.062 can be short-term targets for buyers. You can also consider a narrow ascending channel for the price in the 4-hour timeframe. As long as the bottom of the channel is maintained in the orange range, we expect the price to grow.
by MonoCoinSignal
4
The 0.05358 point is stronger than any pointHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (TRXBTC 1W Chart) It has risen in the section where the power of the rise is gained. In order to release this force, we need to see if the price can sustain above 0.0000 0318. ----------------------------------------- (TRXUSDT 1W chart) The key is whether it can get support around 0.05358 and rise above 0.06004. If not, a fall below 0.04562 is highly likely and you should think about how to counteract that. (1D chart) TRX is linked to USDD, a stablecoin. Therefore, a drop in the price of TRX is likely to have a profound impact on the shape of TRX. So, I think keeping the price above 0.05358 is of utmost importance. Therefore, you have to work hard to ensure that USDD is pegged to $1. Those who believe in TRX and continue their mid- to long-term investments should take advantage of this and take a trading method that increases the number of coins corresponding to profits while recovering the principal amount purchased. The next volatility period is around January 15th. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
TRON, which is expected to promote new business in 2023...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (TRXBTC 1W Chart) A rise above 0.0000 0318 is expected to release bullish strength. --------------------------------------- (TRXUSDT 1W chart) The key is whether the price can stay above 0.05358 to break out of the long-term downtrend channel. And, ultimately, whether it can rise above 0.06236 is important. (1D chart) The key is whether it can rise with support in the 0.05136-0.05358 range. If not, a decline to around 0.04437 is likely. Since TRX is issued as a stable coin, a drop in the price of TRX can create a great risk. (USDDUSDT 1D chart) Therefore, holders of TRX need to pay attention to USDD's pegging situation. We are currently airdropping APENFT (NFT) tokens until 2023 to promote new businesses. Attention is focusing on whether the victory or defeat of the business to be carried out this time can change the fate of TRX. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
TRON (TRX) - November 24Hello? Traders, welcome. 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 force. ----------------------------------------- (TRXUSDT 1W chart) The key question is whether it can move above 0.06236 to break out of the long-term downtrend channel. (1D chart) The 0.03538-0.04437 interval determines the trend. Therefore, if it falls, it must rise with support in the 0.03538-0.04437 range. To turn into an uptrend, the price needs to hold at least 0.05358 higher. At the same time, as a whole, the price should make a move to break out of the downtrend channel. Accordingly, the key is whether the price is maintained by rising more than 0.05358 due to the volatility around December 1st. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Tron TRX - 51% crash very soon! 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 looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave. This chart indicates that more blood is coming for the crypto market. It's possible! I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position. If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not. But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon! For more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
46