Tron (TRX) seems needs to complete its correction phase.Hello ladies and lads, hope you are well.
Tron apparently is at the end of D wave of ABCDE corrective structure. We should be cautious if we have long positions on this particular coin.
On the other side, this could be wrong if we break through the trendline that is ahead of the price. In that case, the price should breakthrough C's Top to invalidate ABCDE corrective structure.
Stay agile on days ahead.
Ask any question at comment section, and feel free to send me message.
Cheers!
TRON
Tron vs Tether Long-Term (115% Potential to All-Time High)TRON has been printing higher lows vs Tether (TRONUSDT) since March 2020; we have a bullish chart setup.
TRXUSDT price remains trading above EMA100/50/10.
We have the highest volume ever this month of May.
We have a strong RSI as well and a total potential of 115% to its all time high.
The main support levels go as follow:
1) 0.075200 short-term.
2) 0.064825 main support for the current move.
3) 0.046376 long-term support.
You can stay 100% bullish above 0.075200.
Below this level things can change but the bullish bias remains strong above 'main support'.
That is all.
I hope you find this information useful and it helps you maximize profits.
I am wishing you tons of success, great health and lots of wealth.
Namaste.
$TRX - 3 Confluences To Short It *Smart Money**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
TLDR;
Entry 0.0806 (Already Entered but we have a long way to go so enter soon)
Stop Loss: 0.0847 - 0.085
Take Profit: 0.073541
If you look at the Daily Chart My entry is based upon the Bwearish Order Block (Bottom Last daily green candle before the high). As price seeks liquidity or imbalances, I believe its heading for the imbalance in the 4 hour chart, The fair Value Gap And then if ypou look at the 4 hour theres a Fair Value Gap at 0.073541, Near this same Price is the Discount Price in the Dealing Range (Dealing Rang Example ,
Discount Price is 61.8% of retracement)
Also in this same area is a bullish order block on the 4 hour
So thats the 3 Confluences. 1. Fair Value Gap (4HR) 2. at the Discount Price of the Dealing range (Daily Chart) 3. Which is also at the Bullish Order Block (4HR).
This is where smart Money would be aiming to buy up more TRX at a discount price as it goes past two areas of relatively equal lows on the 15 min chart where most retail traders stay.
They'll believe these to be Support Lines, when it's a false sense of support as Smart Money wil drive the price deeper just to buy Cheaper.
Good Luck and Happy Trading BINANCE:TRXUSDT
BINANCE:TRXUSD
KUCOIN:TRXUSDT
OKCOIN:TRXUSD
COINEX:TRXUSDT
Tron Price Analysis — May 25Tron retraced from the $0.0830 barrier on Wednesday as the broader crypto market took a bearish turn in the London session. The thirteenth-largest cryptocurrency has now fallen to the $0.0800 support line.
While the overall bias behind TRX is bullish, we could see a bearish decline below the $0.0800 level in the near term, albeit a likely brief one. This is due to the repeated failure of the crypto to breach the $0.0830 since the start of this week.
That said, a sustained break above the $0.0830 barrier in the near term should prompt a bullish rally towards the $0.0900 top.
Meanwhile, my resistance levels are $0.0830, $0.0850, and $0.0880, and my support levels are $0.0800, $0.0780, and $0.0760.
Total Market Capitalization: $1.25 trillion
Tron Market Capitalization: $7.6 billion
Tron Dominance: 0.6%
Market Rank: #13
TRX Movement Compression bar for Tron (TRX) which sees a fairly high average price level maintained compared to the rest of the cryptocurrency market.
This close should close with a bearish move that will consolidate a profitable start from a double low around 0.045, while if BTC looks for the BOTTOM around 18K (as I imagine), Tron could look for its low around 0.038.
This idea unfortunately has many ifs and it all depends on the strong market correlation with BTC.
TRX one of the strongest coin in the marketI am very interested in tron. Justin"s coin looks like it wants higher... 3D chart shows us that price is slightly below resistance which was tested 5x times already in past year... if this break up - we can see double digits gains. MANAGE YOUR RISK
NOT FINANCIAL ADVICE
TRXUSDT- 1W SETUPTRXUSDT price held the long-term support for one Month and closed above EMA 21. Bulls looked in accumulation mode as they did well by holding the nerves and did not panic sell. So it is giving a good feeling about upcoming sessions that if a breakout happened we could see a massive rally upward. So keep accumulating at these levels.
WILL TRON EXPLODE?!?! (TRXUSDT)As we can see on the chart Tron is forming a descending triangle. If Tron can break the trendline resistance it probably means bullish continuation. Otherwise if the support area is broken it will continue the bearish trend. My suggestion is wait until trendline resistance or support area broken, wait for retest, entry when a confirmation candle is formed. If trendline resistance is broken there is possibilities that TRXUSDT will go to all time high, set first take profit target on the last all time high and let the rest go with the bull!!!
TRON (TRX) - May 19hello?
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(TRXUSDT 1W Chart)
If the price holds above the downtrend line, it is expected to rise.
To do that, we need to see if we can find support by moving above 0.07192.
(1D chart)
The key is whether it can find support near 0.07070 and move above 0.07679.
Therefore, it is recommended to check the movement in the 0.07070-0.07679 section.
If it moves above 0.08223-0.08631 and finds support, I would expect it to surge.
(buy)
- After confirming the support at 0.07679
(Stop Loss)
- When it falls below 0.07451 and receives resistance
- When it falls below 0.07070
(Sell)
- When resistance near 0.08631
- When receiving resistance near 0.10176
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
---------------------------------
TRX - Nice example how instrument looks before an impulseTron is interesting coin because it's been in a game for a while.
After collecting liquidity from both sides coin created a range for over 5 days. If you look at the volume, it's decreasing, but don't let it fool you. Coin is still interesting for big guys since the collected liquidity hasn't been realised yet.
I expect an impulse. It can be either up or down, but all preconditions say that down is more likely.
⭐️ BTC bearish
⭐️ Global market is bearish
⭐️ 3rd touch
⭐️ Accumulation for 5 days
⭐️ Bulls trapped
⭐️ Liquidity was collected recently
⭐️ Under VWAP
⭐️ 50 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
tron to zero ( read description carefully )👋Hi guys please read this text before buy this shit coin.
⚠️First I warning to you 2023 maybe be last year for crypto and btc because a lot of scam projects create day by day for scam people , scammers use crypto for unknown transfers and etc ... government decision ban crypto some people say they are creating a legal framework for crypto, and all professionals know that legalizing crypto is practically impossible and is just talk ...
⚠️But about Tron⚠️
Tron first was a supper stupid copy of eth blockchain that Justin sun even Among the codes, he forgot to delete the eth code comments He later manipulated the code a bit.
But how did Tron become famous?
Tron start with ponzi projects on Tron blockchain And poor countries were attracted to these projects they bought Tron and gift to scammers
Federal police suspected that Justin Sun was behind all these projects, and in those years they attacked Tron's address to inspect it
Anyway, whether Justin Sun was behind them or not, these projects decreased, but I still believe that Justin Sun was behind all those projects.
Thus, Tron became somewhat famous in poor countries!
👉But what is Justin Sun this big scammer method for keeping this stupid coin high?
He tries to prevent the BTC from falling just at the time when it is falling.
His previous news when the BTC crashed was to release tokens, encouraging users to stack their Trones to receive those tokens, and locked the Trones for a long time after the Trones were released. And users were selling fast, and prices were falling sharply.
After this method became obsolete, he announced that Tron had joined defi just when it was in the bull market, and this time he was able to raise Tron to close to 0.18, but users started selling again quickly.
In his latest move, he announced the release of usdd, which did not surprise me at all. He always copies other coins because he has no idea, his only idea is fraud.
But this time it may be Luna's fate. She does not know that nothing should be copied, and this time the life of this great scammer may end.
⚠️Tron to zero⚠️
Tron and 76% profit !Tron technical analysis in weekly and long time frames:
As you can see in the chart:
The price has been able to return well since the 9 months of 3 years 2020, which had reached the price floor of 0.0069.
At first, it was able to grow by 2423% in 399 days and reached the price ceiling of $ 0.179, and then, by reforming the market, it reached the bottom of its 791-day long-term uptrend channel in 392 days.
If this long-term uptrend channel with a good slope of 21 degrees is maintained, we can hope that its good uptrend will continue.
It would be reasonable to buy a ladder in the current position and a part at the price of 0.065.
You can buy the next steps by breaking up the red trend line.
Good luck and profitable.
Do not forget to manage capital and observe risk to Reward.
TRON - Bullish no more👎TRX has been 'in a game' for over a week now and had power to move against the market. However, there may have come time to end it.
I expect this triangle to break down due to following reasons:
⭐️ BTC bearish
⭐️ Coin was moving against the market for over a week
⭐️ Stablecoins are getting weaker, everyone is panicking
⭐️ 4th touch
⭐️ No pullback after last touch
⭐️ Volume at top
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
#Tron soaks Selling Pressure as TRX holds above $0.07Past Performance of TRX
As per the candlestick arrangement in the daily chart, sellers are dominant. TRX is at break even versus the USDT in the last trading week. However, bulls are resilient, soaking the deluge of selling pressure of early this week. Presently, buyers stand a chance if they keep prices above $0.07 with more headroom if there is a snapback to trend above last week's highs of around $0.09.
#Tron Technical Analysis
Tron hasn't been spared the sell-off of the first half of the week. Although prices are relatively stable and TRX is under significant liquidation pressure in the immediate term, the Doji bar of May 11 is a ray of hope. The immediate support is $0.07, flashing with May 1 and April 21 highs. A close below this mark could portend doom, a sell-off that may take TRX to $0.05, confirming sellers of May 9. Conversely, a lift-off above $0.09, unwinding losses of May 9, and breaking above the consolidation of late last week, could draw more buyers, pushing TRX towards $0.12.
What to Expect from #TRX?
Sellers are still in control despite rejecting lower lows on May 11. Nonetheless, the May 9 wide-ranging bear candlestick is trend-defining. A close below $0.07 is enough confirmation of sellers angling April 2022 lows.
Resistance level to watch out for: $0.09
Support level to watch out for: $0.07
Disclaimer: Opinions expressed are not investment advice. Do your research.