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TRON

$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 Price Analysis: TRX Surges 16% After Finding $0.5 Support Tron is up by a strong 16% today as the cryptocurrency bounces from $0.05 and hits $0.0648. Despite the strong rebound, TRX is still trading beneath the 200-day moving average price. Against Bitcoin, Tron found solid support at 156 SAT (.618 Fib Retracement) and has since bounced back toward 200 SAT. What has been going on? Taking a look at the daily chart above, we can see that TRX has been in an extended downtrend since the start of May when it hit its ATH price of around $0.17 on Binance. BY the last week of May, TRX had reached as low as $0.06 but managed to hold support provided by the 200-day MA. In June, TRX started to trade inside a descending triangle consolidation pattern. The triangle floor was just beneath $0.07, and TRX managed to remain above it for most of the month. However, on Monday, TRX eventually broke toward the downside of this triangle and fell beneath the 200-day MA support. After breaking the triangle, TRX continued to drop until support was finally found on Tuesday at $0.05. It managed to rebound from there yesterday and has since pushed near the $0.065 level. TRX price short term prediction: BEARISH TRX has to be considered bearish beneath the 200-day MA level. The cryptocurrency needs to break above $0.068 (200-day MA & 20-day MA) to become neutral again. It would need to surpass resistance at $0.1 to be considered bullish in the short term. If the sellers push lower, the first support lies at $0.06. This is followed by $0.05. Beneath $0.05, added support lies at $0.0453 (downside 1.272 Fib Extension), $0.042, $0.04, and $0.037. Where Is The Resistance Toward The Upside? On the other side, the first resistance lies at $0.068 (200-day MA & 20-day MA). Above this, resistance lies at $0.0751 (bearish .236 Fib Retracement), $0.08, and $0.087 (50-day MA). If the buyers continue to drive above $0.09, resistance can be expected at $0.093 (bearish .382 Fib Retracement), $0.095 (100-day MA), and $0.1.
by CoinCodex
2
$TRX/USDT 2h (Binance Futures) Rising wedge facing resistanceTron has recovered nicely but could be preparing for another leg-down while crypto market is still uncertain. Current Price= 0.08128 Sell Entry = 0.08232 - 0.08664 Take Profit= 0.07193 | 0.06525 | 0.05570 Stop Loss= 0.09456 Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86 Expected Profit= +29.72% | +45.52% | +68.14% Possible Loss= -23.86% Fib. Retracement= 0.382 | 0.618 | 1 Margin Leverage= 2x Estimated Gain-time= 1 week
Short
by TradingOn
2
TRX/UST - Long term 194% setupHello, Traders! The market continues to be under selling pressure. Altcoins are losing value faster than BTC, which is accompanied by an increase in Bitcoin dominance. This situation can be used to buy the interesting altcoins at a significant discount and to hold a position for several months. The price of TRX is testing the upper bound of the $0.0495 - $0.0650 price range, from which the asset was put in the trend in February-March 2021. We may look for buy entry closer to the lower border of this range between the levels of $0.0495 - $0.0550. Stop-loss can be placed below the level of $0.036750. The targets for such purchases will be price levels of $0,093 $0,117 $0,146 Good luck and watch out for the market! P.S. This is an educational analysis that shall not be considered a financial advice
KRAKEN:TRXUSDLong
by UnknownUnicorn10064030
TRON (TRX) 5th wave is coming!Hello Ladies and Lads, hope you are all doing awesome. As it is depicted on the chart, we can see that we are at a potential Time and Price PRZ to see another fall in Tron. The price is hovering under 100 and 200 EMAs at the time that can be a sign of power in sells, and the difficulty for the price to go higher at the moment. If you consider other well-known cryptos in your analysis, you can understand that most of them are at the end of a elongated correction! Based on ElliotWave theory you can sum it up that we are at the peak of the 4th wave which itself lead the price right into the 5th wave. So we can conclude that the 5th wave is coming! Before you want to do any sorts of trades, you need to see some signs that price wants to go toward your predicted way. we do not have it YET! So hold on your fingers on your triggers. more detailed information on Tron: 1- Pattern: This could be 1-2-3-4-5 motive which itself could be part of an bigger A of an ABC. we are at the of 4th wave, and probably at the start of the 5th wave. 2- Time: Time cluster includes the following fibs: Wave 2: ATP. Fib:2.00 Wave 3: IRET FIB 3.618 Wave 2: ERET FIb 4.00 3- Invalidation: all of this will be invalidated if a valid candle close above 0.77353 (d of abcde of the 4th wave) 4- Confirmation: This would be confirmed if a valid candle close lower than 0.65697 This is it. I would be glad if I could hear your thoughts on this. You can ask me any question you have! Thanks for your time, Cheers!
KRAKEN:TRXUSDShort
by HunkIsHere
10
Tron (TRX) formed bullish Shark| for upto 22% moveHi dear friends, hope you are well and welcome to the new update on Tron ( TRX ). Previously we have seen that the price action of TRX is moving in the buying zone of a bullish Gartley in the daily time frame chart. Now at the same time on the daily chart , with BTC pair the price action of Tron has also formed a bullish Shark pattern. After visiting the buying zone it is moved up. But it is possible that it may give us another chance to catch it from the buying zone.
Long
by moon333
2
Tron TRXUSD SHORTS are edging towards ATHClearly the market sentiment is very negative. We are witnessing BTC shorts and Alts Shorts are creeping up so high. This is proven in Alts Market Cap that failed to maintain both levels, the 1D 50EMA and 1D 100EMA. And currently hovering above the 3D 50EMA. And here we are with TRXUSD Shorts nearly at ATH. So yes the market is expecting a dump. BUT, and this is a FULL CAPS BUT, keep in mind this: 1) Market expectation is one thing. Remember, when the market was cheering for 100k few weeks back? What happened next? Market tanked? 2) So yes, we may go down from here. And since we are addressing TRX, TRX may go down along. But always expect a correction. So don't but your farm here, and be realistic and conservative when it comes to targets. We are going down as indicators are showing so. How far down? Follow closely each TA for an exit target. And be extra conservative and cautious. Lastly, DYOR, do your own TA and never fall for cheerleaders or blood hunters. This is not a witch-hunt, this is a market that follows fundamentals and trends.
BITFINEX:TRXUSDSHORTSShort
by eBlockChain