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TRON

Above 0.07679: Expected to create a new upward waveHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- Since we operate a stablecoin based on TRX, a drop in price can be a very dangerous warning. Accordingly, it is one of the coins (tokens) that must be certain about how profits will be realized during trading. In that sense, if it falls below 0.05378, it is necessary to check the movement of the stable coin (USDD). (TRXUSDT chart) If the price remains above 0.07679, it is expected to create a new wave. (1W chart) It is necessary to check whether the price can be maintained above 0.07725 and rise above 0.11964. (1D chart) Since it has fallen from a rising channel, I think it is highly likely that the current trend will continue until a new trend is created. Since the StochRSI indicator is currently in the oversold zone, it is necessary to check at which point or zone it receives support or resistance when it leaves the oversold zone. Accordingly, it is necessary to check whether it can quickly rise above 0.08867 or be supported around 0.08177. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
TRX/USDT bullish momentum?? 👀 🚀 Tron Today Analysis💎Paradisers, gear up for a fantastic opportunity with TRXUSDT! We're currently observing it testing resistance levels and setting the stage for a bullish ascent👀 💎Right now, we're looking at two potential scenarios. First, if the price of TRX successfully breaches the resistance at $0.08459, expect a bullish surge. On the other hand, if selling pressure remains strong and the price fails to break through the resistance, we anticipate a retest of the support level at $0.08111, where a bullish continuation could occur. 💎Additionally, if the support level at $0.08111 is broken, consider planning a short entry in #Tron. In this case, your take-profit should be set at the next support level. Keep your charts updated and Stay one step ahead of the market 🌴
Long
by MyCryptoParadise_Simon
1
TRX CAN FALL VERY SOON (1D)The structure of TRX in the daily and weekly time frame is the same as the previous analysis. The correction has started from the place where I have marked the red arrow. It means a big diametric! But the trx went above the red box of the previous analysis and made a stop hunt. I think we are at the end of wave F and we will have a fall for wave G. In the red box, we are looking for a downward trigger to enter the sell/short position. The green area is relatively strong support. I specified the invalidation level, closing a daily candle above this level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
TRX 8% Drop Likely!When taking a look at the legendary TRX, we can see that it is showing signs of weakness after failing to trade above the recent high 3 times in a rom. If price continues down, I would expect a 8% drop to the golden pocket which lines up with the horizontal support . Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility
TRX: Resistance BreakoutTRON (TRX) technical analysis: Trade setup : Following a bearish breakout from Channel Up pattern, price pulled back near $0.073 support and broke back above $0.08 resistance to resume uptrend, with upside to $0.086. It is also positive to see that during this recent downswing, price reached a bottom at ~$0.07 which was higher than during the prior major downswing at ~$0.065 and previous low of $0.06. That means price made a Higher Low , which is a bullish indication of buyers stepping up on major pullbacks. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.086.
Long
by altFINS
TRX → a head and shoulders patternhello everyone... as you can see trxusdt made a H&S pattern but we have not any confirmation that is a reversal pattern or a continuous one, however, the daily time frame shows us a bullish trend: but it is great if we get a position after the breakout, so if the neckline breakout you can get a long position! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
by melikatrader94
14
What to Expect NextOn the daily chart, there's an upward trend pattern. Right now, the price is testing a barrier at $0.078. If it manages to break through this level, we can expect the price to continue rising, possibly reaching $0.085. However, if the price can't surpass this resistance, we might see it drop down to around $0.072. Additionally, the Relative Strength Index (RSI) currently stands at 54. This level indicates a moderately strong momentum in the market. It suggests that there is some bullish sentiment, but it's not too extreme. Traders are neither overwhelmingly buying nor selling at this point.
by MonoCoinSignal
12
Despite Macro Bearish Conditions TRX Remains Set for New HighsThis is a follow-up to this trade below: TRX has been holding up here in this zone despite the bearish price action on the macro, has recently started to press up against the resistance zone above, and has also once again defended its bullish trend line. If this price action continues, we could very soon see TRX jump up to the upper end of the range at around 18 cents before pausing for a bit. The overall target for the wave structure, as can be seen in the original post, is 42 cents at a 1.618 extension, but this lower 18 cent target is for more midterm trades entering off the bullish trend line right now.
Long
by RizeSenpai
If you are interested in the TRX coin, then this is for you.Tron blockchain is necessary and I don't see much decline in it. It has performed well compared to others during the crypto crash. The price pattern is rather good. Waiting for point c would be ideal, but I don't think that point c would be a heavy drop considering the specifics of the trx movement. Point b is also currently in progress, which already indicates a small increase. I'm not going to analyze it further on the smaller chart because I'm not going to buy it, I just can't afford to buy everything. This analysis may help someone. PS if you don't understand that point c doesn't have to exceed point a (abc strategy) then you have a lot to learn to understand that. it all depends on the specific location of the trend and its volume, etc. Don't forget to follow me, I will give analysis constantly😎
BINANCE:TRXUSDLong
by MoralDisciple
TRX Tron SELLERS Dominate Short TermHi Traders, Investors and Speculators of Charts📈📉 TRXUSDT has turned bearish in the short term Timeframe. From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term. However, from a weekly outlook, Tron is still bullish. This could mean that the current pullback is only a temporary correction. The price could continue lower for the short term, but bounce back up in the near term and continue the upwards trend. For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:TRXUSDShort
by Crypto-Check-
26
TRX: Pullback in UptrendTRON (TRX) technical analysis: Trade setup : Following a bearish breakout from Channel Up pattern and below $0.08 support, price pulled back near $0.073 support, which could be an attractive swing entry, with upside to $0.08-$0.086. Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080 (previous support), then $0.086.
Long
by altFINS
You can't Ignore Tron's Bullish Move Ahead, TRX/USDT AnalysisParadisers, 💎 TRX is currently moving in a positive direction, shaping an ascending channel. It looks like it might follow the Elliot Wave pattern from 1-5. 💎 Right now, TRX is in a high-demand area, suggesting a continued upward trend. 💎 Just a heads up: it's a good idea to keep an eye on the lower low area. If the price goes below this, it could indicate a change in the bullish momentum. 💎 As always in the fast-paced world of crypto, being informed and ready to adapt is crucial. Stay tuned for more updates and enjoy your time trading with #MyCryptoParadise!
Long
by MyCryptoParadise_Nathan
2
Need to check if it can be supported around 0.07679-0.07760Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (TRXUSDT chart) The key is whether it can get support around 0.07679-0.07760 and rise above 0.08051. If not, and it goes down, 1st: 0.07288-0.07192 2nd: 0.06427-0.07025 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Ascending Channel Growth and Price Range ExpectationsTRX experienced significant growth within its ascending channel, surpassing the resistance of the previous ceiling and reaching a price range of $0.080. If the $0.070 level, which was previously a resistance, can now act as a support level, it is likely to trigger a positive response within this range. However, the price has recently undergone a correction, and a return to the support level may lead to renewed growth and the breaking of the previous ceiling. The primary target for TRON is the resistance range of $0.085. It is important to note that the selling pressure around the $0.080 range has reduced the likelihood of a quick reversal and a breakthrough of this resistance. Consequently, there is a possibility of forming a range zone between the current price levels.
by MonoCoinSignal
3
TRX: Channel Up BreakoutTRON (TRX) technical analysis: Trade setup : Price was trading in Channel Up pattern but got rejected at $0.086 resistance again, just as it did in June. Now it had a bearish breakout from Channel Up pattern and below $0.08 support. Price could pull back near $0.073 support, which could be an attractive swing entry in Uptrend. Pattern : Price was trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.080, which it broke, then $0.073. The nearest Resistance Zone is $0.086, then $0.100.
Long
by altFINS
TRX 4H ForecastTRX had a downward spike in previous market movement, and we can look at this upward price movement as a correction (CP). Price got close to the gray order block but didn’t get a chance to enter, but if you look closer, you can see it did a Double-top with the Pin-bar shown with the red line .. and made an excellent downfall after that .. now the price is near the dynamic trend line, and was looking for good spots to enter, Here are the instructions : 
1 - Price goes up to the resistance shown with line 1, which is also near the neckline in lower timeframes. 
2 - After that price moves back down to Line 3, which is a Support zone in his time frame and higher time frames. 
3 - next, t price moves back up to line 2, which is a golden pocket 4 - and then goes to line 4, which is the last support zone in this time frame (support zone near the price ), and that’s where the whales are waiting for you Please leave your comments, and let's talk and share some insights.
BINANCE:TRXUSD.PShort
by Cryptosours
TRX (TRON) Coin Analysis 08/05/2021Fundamentals: TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS. This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018. Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry. TRON is also one of the most popular blockchains for building DApps. Using the blockchain and its decentralized smart contract capability, the idea of Tron is that users will experience a decentralized internet where “middlemen” such as Google and Facebook are not needed for users to access content. To draw an example, currently the most ubiquitous video sharing platform is Youtube, which is a privately owned company with privately owned servers that stores and serves video to its viewers. However, using Youtube’s services means that creators and users have to comply with Youtube's terms of service and may have to pay for its content in one way or another. Creators on the Youtube platform may earn a share of Youtube’s revenue, but the pay structure is entirely up to Youtube’s discretion. The TRON protocol runs on a Delegated Proof of Stake (DPoS) Governance Model. This allows users to perform transactions with close to zero-fee whilst still being resistant towards transaction spam. Transactions on the Tron Blockchain are maintained by a consortium of Super Representatives (SR) that are voted in by TRX holders who have locked their stake in the form of Tron Power. There are 27 top-voted Super Representatives and 100 Super Representative Candidates. The hierarchy of SR and SR Candidates are readjusted every 6 hours based on the number of votes they receive from Tron Power holders. Tron aims to replace services such as Youtube and others by becoming the decentralized infrastructure in which users can connect directly with creators and pay the creators directly for the content they wish to consume. TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry. The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs. Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years. TRON uses a consensus mechanism that is known as delegated proof-of-stake. TRX owners can freeze their cryptocurrency in order to get Tron Power, which means that they can vote for “super representatives” who serve as block producers. These block producers receive TRX rewards in exchange for verifying transactions, and these rewards are then distributed among the people who voted for them. According to TRON, this approach helps its blockchain to achieve higher levels of throughput. TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in its 30 Under 30 series for entrepreneurs. Born in 1990, he was also associated with Ripple in the past — serving as its chief representative in the Greater China area. TRON has a total supply of just over 100 billion tokens — and at the time of writing, about 71.6 billion of these are in circulation. When a token sale was held in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion. All in all, this meant that 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Critics argue that this is a much higher ratio than what has been seen with other cryptocurrency projects. TRON price today is $0.152468 with a 24-hour trading volume of $5,391,785,654. TRX price is down -6.9% in the last 24 hours. It has a circulating supply of 72 Billion TRX coins and a max supply of 101 Billion. Binance is the current most active market trading it. Technical Analysis: As you can see in the Daily chart , Tron coin Value have increased from the end of April to end of March 2021 and it reached 0.18$ each. The Coin has touched Fibonacci Golden Zone and Bounced from it, What we think is that the price may fluctuate and Reaccumulate between 0.12$ and 0.16$ in order to Get ready and accumulate enough volume to shoot for TP1 ( 0.23$) and ultimately higher targets levels, which are specified by Fibonacci Projection of the Initial Impulsive Cycle. There are few Support levels specified by Fibonacci Retracements which can stand in case of some More Fall downs.
Long
by BitonGroup
8