TRX - Bullish Setup in a Bearish MarketHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, a quick video on TRON / TRXUSDT with a potential long setup with a low risk and high reward. This trade is based on the fundamentals of buy the support zone and sell the resistance zone. We also take a quick look at the volume to back up this potential trade.
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Trxusdt
Tron TRX Bearish SentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
TRX/USDT short
Entry Range: $0.060 - 0.065
Price Target 1: $0.057
Price Target 2: $0.052
Price Target 3: $0.047
Stop Loss: $0.075
TRXUSDT - TRADE PLANCheck out the trade plan for LUNC today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Requires a bullish breakout on the consolidation zone. Also, price formed a triple bottom formation inside this consolidated zone. A bearish breakout will invalidate the setup.
TRON (TRX) - September 15Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(TRXUSDT 1W Chart)
The key is whether it can find support and move higher near 0.06236.
(1D chart)
The key is whether the HA-Low can support and move higher within the 0.05989 point near the long horizontal line and the +100 index at the long horizontal line at 0.06532.
In other words, it is necessary to check whether it can be supported in the 0.05989-0.06532 section.
It is moving down from 0.06532, entering a long-term bearish channel.
Therefore, it is important to get out of the bearish channel quickly.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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.)
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TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for TRXUSDT
In the current chart, we have R1 as a resistance line that means the price was not able to rise. And S1 and S2 are our support areas which include the support of the price since the past. Presently, we have the price fluctuating over S1 and we predict it will fall to the mentioned line as its part trend. At this point, if we receive some rising signs, we consider our long position and we expect a rise toward R1. In case the price loses the support at S1, it will face more decline. Remember that R1 would be a good point for saving profits.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
TRXUSDT DTRXUSDT 1H appears to be inside a triangle right now. We may be close to breaking the triangle. Because he is holding below the median of the Keltner channel, there may be a greater chance of him breaking up, quickly hitting the target.
Remembering that we should see this breakout over the next few hours. We need liquidity to really get out of this accumulation. This means that the ideal plan will be for him to break up tomorrow.
TRX - SHORT NOWhello back guys!
we back again with new ideas
here TRX/USDTI thing we will go short cuz we break triangle down
we have
tp1
tp2 as targets
and stop lose is mental in 1R
I don't Use stop lose if price go and touché 3R line I will move Tps In entry price and with from price come back and close with 0 lose
if price go more than 6 month and don't come back to entry price I will close it with lose.
good luck guys
TRXUSDT 4HTRXUSDT 4H – Technical factors such as RSI point to overbought, however TRX has broken out of LTB (bearish trend line)
and began the incursion upwards, having as an ally the cloud of Ichimoku that serves as a true IMAG. Breaking the resistance imposed by the median of the Keltner channel at $0.06176 and passing the cloud will reach our target. We hold the position.
In terms of Tron fundamentals, it is a decentralized blockchain-based operating system that was created by the Tron Foundation and was first released in 2017.
The Tron network has full support for smart contracts as well as a variety of different blockchain systems along with support for decentralized applications (dApp) in decentralized finance (DeFi) and non-fungible token minting (NFT). When we analyzed the reported on-chain data, the height of the Tron blockchain exceeded 43.61 million, with a total of 6,713 nodes across the entire network. The total number of accounts on Tron Mainnet reached 108,781,925, with 971,880 new accounts throughout the week.
TRXUSDT 3d Two TRX price motion scenario by the end of 2022TRXUSDT is probably one of the most indifferent or anarchic trade couples. It took 2 months since the publication of our previous idea, and nothing has changed on the schedule.
The price of TRXUSD did not respond to either the growth or the fall of BTCUSDT price and the crypto market of all, but simply moves steadily to the right.
So today we will only refresh the conditions from the previous idea.
1. Currently, the TRX price is traded above $0.06, respectively, the assumption of accumulation of a large position in force.
The first possible growth stage is possible up to $0.09.
In the event of a crypto market into a growth trend, the Tron price can continue the growth of the blue scenario to $0.17.
2. In the event of a sharp drainage of cryptocurrencies, you can put limit orders for purchase in the liquidity area of $0.047-0.052.
If from this liquid zone the price does not sharply up, but will try to fix below it, then the TRX will have to come out, because the chance to collapse more down will be very large.
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TRX/USDT 1HTRX/USDT 1H = Clear breakout of the LTB (downtrend line) and although the RSI is oversold in the 1H time frame, in the longer times it is overbought, moreover, the pursuit of its fair price range which is in the cloud will do a magnetic force to quickly hit the $6461 target.
Tron is a decentralized entertainment and content sharing platform that uses blockchain and peer-to-peer (P2P) technology. TRX is required to use applications on the Tron network, i.e. if you are looking to use a game or service based on Tron, you will need to buy TRX.
Owning TRX is also a prerequisite to participate in the Tron consensus system.
TRON (TRX) - August 31Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(TRXUSDT 1W Chart)
The key is to keep the price above 0.06236.
If not, there is a possibility that it will move down to around 0.04437.
(1D chart)
Bollinger Bands (60) contracted.
Therefore, we expect large volatility to occur in the near future.
This volatility is likely to start off the 0.05989-0.07311 interval.
- The Stoch RSI indicator is showing a downward trend rather than rising to the overbought zone.
It can be seen that the power for ascent is weak.
So, if it does not find support above 0.06703, it is likely to lead to further declines.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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.)
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#Tron Expands, Support at $0.061 and TRX in a Bear BreakoutPast Performance of Tron
TRX prices are moving horizontally, bearish at spot rates but firm against the strong wave of selling pressure. Sellers remain in charge but for trend continuation below $0.061, there must be a high volume, wide-ranging bear breakout for confirmation. Before then, depending on the breakout direction in the current formation, sellers are in the lead, and risk-off traders may search to unpack on every attempt higher towards the August 26 highs.
#Tron Technical Analysis
TRX is within a bear breakout pattern, and sellers are in the driving seat despite the recent sideways movement. The rejection of lower lows and rejuvenation of buyers in the days ahead, pushing prices above $0.065, could ignite demand, qualifying the August 26 bar as climactic. However, before then, sellers may unload on every pullback towards this reaction line, targeting $0.053 in the medium term expecting a drop below last week's lows in a bear trend continuation pattern. Their confidence is in the fact that the wave down is with high participation. Besides, prices are banding along the lower BB suggesting strong bear momentum.
What to Expect from #TRX?
TRX is under pressure and is down roughly 13 percent from August 2022 highs. In the days ahead, there must be a strong surge above $0.065 for buyers to take charge. If not, any drop below last week's critical support levels may force TRX lower in subsequent sessions.
Resistance level to watch out for: $0.065
Support level to watch out for: $0.061
Disclaimer: Opinions expressed are not investment advice. Do your research.
TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for TRXUSDT
According to our last analysis on August 9, we expected a falling trend and now our expectation came true and all our targets are hit. Here we have R1 that used to be a support line. And S1 and S2 are the support areas which express the support of the price at several points. At the moment, we have the price fluctuating on S1 and we have two scenarios to happen. Either we will receive some rising signs and confirmation candles and we predict an increase for the price to R1 and more. Or the price loses the support here and it will face a decline toward S2. So we must wait and see what happens in the future.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck