TRXUSD Trend line analysisAs I mentioned in the chart daily up-trend line broke and now it is going to complete its correction!
By the way, there are some important support levels that would be its final correction move!
Which one do you go with?
TRXAIG_0001DD.USD trade ideas
Tron Price Analysis — April 29Despite the broader weakness in the crypto market on Friday, TRX has traded against the grain as it tapped a new weekly high above the $0.0700 top. However, it appears that bulls lack the composure to sustain this rally as the cryptocurrency falls back to the $0.0650 support.
With the recent surge and rejection, TRX has lighted up a descending trendline, which is acting on the price to retest the $0.0600 low. Regardless, I anticipate a bullish rebound to the $0.0700 top over the coming days and a possible break towards the $0.07500 top. In the meantime, a bearish continuation below $0.0620 is highly unlikely.
Meanwhile, my resistance levels are $0.0680, $0.0700, and $0.0720, and my support levels are $0.0650, $0.0620, and $0.0600.
Total Market Capitalization: $1.78 trillion
Tron Market Capitalization: $6.7 billion
Tron Dominance: 0.37%
Market Rank: #22
TRXUSD ❕ volume growth50MA and 100MA formed a golden cross at 1H Timeframe.
Price is above the liquidity level.
I expect retest and fixation above the support level with further reaching the resistance level.
TRX 4hTRON dropped to 50 EMA and below 200 MA. The price has broken the downtrend line and may drop to 100 MA. Bullish scenario - return to the uptrend line and continue to rise if the price can close above the line
Is TRX a good investment ahead of the USDD's debut?On Thursday, the price of TRX skyrocketed when Justin Sun announced plans for a new stablecoin. TRX hit a high of $0.074, the highest since April 4th. However, following Jerome Powell’s hawkish remarks, these gains were short-lived.
Bullish Scenario: TRX may retrace back to $0.06 support levels. If TRX manages to break over the resistance level at $0.074 after retracements, it will be mildly bullish. With sufficient buying activity, breaking above the $0.08 price barrier will lead to a rise towards $0.10 and higher.
Bearish Scenario: TRX has been in a decline for several months, thus we don’t have a strong bullish bias for the medium term. If the support level of $0.06 does not hold, the price will sooner or later fall below $0.05, $0.03, and much lower.
TRX races high, aiming for $0.074 next as bulls show momentumThe TRON price analysis indicates a strong bullish trend, as a sharp increase in price has been detected today. The most recent update shows that the cryptocurrency is going in favor of the buyers as they have taken over the market. The past few hours have observed a continuous aggressive bullish price movement, due to which the price has reached the $0.073 level and is on course to go above the current resistance at $0.074.
TRX/USD 1-day price chart: Bulls mark 16 percent gains as price surges to $0.073
The 1-day price chart for Tron price analysis is going in a bullish direction for the day, as the price has jumped higher than expected. There has been a massive rise in the coin value, and the price levels are going high every hour, which has resulted in the price reaching $0.073 of value. The coin has gained a handsome 16.4 percent value overnight. The moving average (MA) has also taken a sharp upwards turn and will soon cross over SMA 50 curve, which is a further bullish indication.
TRX ends bullish run after 7 percent riseTron price analysis shows bearish signs once again as price gave away upper momentum to fall prey to bears. TRX endured a 2 percent decrement over the past 24 hours, after rising more than 7 percent over the past 2 days to form promising signs. Price has faced multiple rejections around the $0.06 mark during the current month and looked to be heading past that resistance zone during yesterday’s upswing. However, similar to the decline within the larger cryptocurrency market, TRX ceded momentum as bearish momentum took over today. TRX trading volume rose around 2 percent while market capitalization fell 2 percent as well, to confirm a bearish outlook.
#trx/usd longElliott Wave Count for Theron BINANCE:BTCUSDT
It is suggested that this crypto currency be examined
TRXUSD ❕ end of correctionAfter the correction, the TRX reached the support level and the lower boundary of the uptrend. Volumes have declined. I expect a retest of the lower boundary of the uptrend channel with fixing above it and after reaching the resistance level.
TRX 1h ShortSetup: On the 1h TF, TRX is on a downtrend and just break below the 200 EMA. It is also below the control point. Comparing with the higher TF, there is also low volume between the entry and our take profit level This means that there is more chance for our trade to run
Entry: 0.06986
SL: Trailing Sl of 3.1 ATR, currently at 0.072
TP: 0.06
TRX - LongTRX - Bullishness Confirmed
Buy Low - Sell High.
Like this idea ?
Please do a thumbs-ups....Thanks for watching.
TRX/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Weekly Double Bottom With Class C Bullish DivergenceWe have Class C Hidden Bullish Divergence on the RSI and Class C Bullish Divergence on the MACD along with a Weekly Bullish Crossing. We also have a Bullish Shark on the weekly that could put us on the path to rallying to the PCZ of a Bearish Shark at the 0.886-1.13
We also have a Bullish Gartley that can be seen on the Daily timeframe as shown on this chart from awhile ago that we may be making a type 2 confirmation on:
TRX/USD: I will hold this swing positionTron showing up an interesting opportunity to make a swing trading. We forming this kind of harmonic pattern called bullish butterfly. So guys, you can to buy Tron cryptocurrency in the market price, the SL will be around $0.05 cents and target to $0.10 cents.
This will be a risk/benefit 1:2. It's good proportion, but remember, this it's a swing trading strategy for who want to hold cryptocurrency to get earns by long term. We have a nice potential to get 50% of profit, but in case that Tron continue strenghten, I can to keep this position to $1 dollar included and I will pass this strategy to long term position.
TRON Analysis + 2023 CrashWe can see how it is close to the "ground" of Tron. Due to the great crisis that is coming for 2023, I cannot deduce if the crypto market is going to benefit from this, but what I am sure is that all the markets are going to fall.
It is impossible to predict a crash correctly and whether it will affect the "crypto market".
For Tron I see a bullish and neutral trend (staying on the ground correcting for a while)
TRON Grand Hackathon 2022 WINNERSTRON Grand Hackathon 2022 announced the winners of its Season 1 event. The panel of judges, which consists of eminent industry leaders, said they were pleased with the projects they received this season. They already await Season 2, where registration will begin on May 16, 2022.
Running from March 8 to March 11, Season 1 amassed over 120 submissions, all vying for the aggregate prize money of $500M spread between four tracks, Web 3.0, NFT, GameFi, and DeFi.
Season 1 Winners
In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team. TronNinja is an NFT GameFi project on the TRON blockchain where users will be able to use their NFTs as characters in-game while earning in-game tokens. Their goal is to bring back the social aspect that arcades had.
In the Web3 track, the winner is dCloud by Cctechmx. Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy.
TRXUSDTRXUSD is still in a short term downtrend. A sell setup has been formed and a sell position is taken.
TronWe can see a rising wedge in the chart,it has been broken and now it's busy with repricing which soon will end and chart might continue down.
Future direction logscale Trx!I believe we are bottom of the channel.. and the potential for Trx is exceptional for the next few years in reaching $12+ usd.
Perfect time to buy and hodl if you haven't done so already, otherwise set yourself up for future success now. Peace!
