TRXUSDTIt is expected to drop to the shaded area to close the last wave of decline before the next ascent
TRXUSDT_26B410.USD trade ideas
Trx set to make quick recovery from break to the downside.Back in October 20th I mentioned Tron had a chance to breakout to the downside and if so it will make a quick recovery back to the upside. So far we've had this temporary setback as foretold, and therefore we expect a quick recovery from here on. So far looking promising 👌 😀
TRXUSD - Oversold - Small bounceOn the chart, we can see TRXUSD is currently oversold.
This oversold condition is suggesting that the price will bounce up. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands , RSI and Stochastic .
See all further details on the chart.
Goodluck!
Bearish TRX
trx obviously rose weak
Adjust this position
expected to start falling
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TRX Do you think like me?Do you think like me? You see, the black box is a pretty good support and I'm watching it. Hopefully there will be a change and I think it will turn positive in 2023-2024.
$TRX ANALYSIS$TRX USDT.
We’re still trading under this riding wedge and nothing has changed since our last update.
TRX likely to push up a little We are likely to go long on TRX once the current resistance is broken, watch and DYOR
trx shortintuition suggests accumulating position at this mid upper part of range
weakness in recent uptrend suggest liquidity at a lower price likely, tight stop and profit at .04450
TRX SELL VIA FIBTRX
SELL. Testing the harmonic strategy with fib retracement
sell according to fib 0.618 tp 0.5 as tp
Hope this will work. also the bias is sell.
Goodluck.
TRXUSD to new ATH before 2023.As you can see Tron has triple bullish Div as well as triple bottoming. Look out! ATH for TRx before 2023.
TRXUSD ❕ 6 unsuccessful breakout attemptsAfter unsuccessful attempts to break the downtrend line TRX tests 50EMA as resistance (1H TF)
Trading volumes have declined and the price has approached the lower boundary of the uptrend channel.
I expect a fall after the price fixes under the lower boundary of the channel.
TRX looks really bad if neckline breaksWe've got a descending triangle pattern printed waiting breakout for confirmation.
TRX looks really bad if neckline breaks.
It can go down as much as 75% from the point of the potential breakout, this could imply that USDD could also go bust as Justin Sun fails in saving FTX and end up being the last man boarding titanic.
###NOT FINANCIAL ADVICE###
TRONUSD: Logscale AB=CD Potential Breakout ProjectionIf Tron Breaks out of this Consolidation Pattern on the Weekly/Monthly we could see it begin an ABCD BAMM to Finish off an AB=CD Projection on the Logscale Chart that would take it up to the 2.618 Fibonacci Extension Above.
Tron converging perfectly to this point! What's going to happen?There's not much room left for Tron (Trx) before we see a breakout. Let's get ready to rumble!!
12th December deadline! Expect breakout to occur before then!
US Rate Rise - How It Translates On The Top-10THE US had a rate hike which was as expected and yet we still see the charts go crazy, not just bitcoin but most of the top-10.
The one surprise was that inflation did not drop at the rate it was forecast to do. The drop was 0.1% and not 0.3% as expected.
So where to from here?
Well that depends on how we close this 24-hour range and if we can take the high of that candle out. We are not out of the pain zone just yet and I am waiting for a push to $22,000 for bitcoin to get that daily trend with some proper momentum. We haven't seen a daily trend on bitcoin that was more than a bear bounce since March 2021 so to see one now will give us cryptotraders plenty of options to work with so long as it's not in a single candle.
The upside potentiality of Trx is mind blowing 🤯 If there were any time to buy Trx, then it would be the most opportunistic moment right now. The risk to reward ratio is somewhere in the range of 20,000% from where we currently are in the price.
I really don't see Trx going any lower. Buy and hold all, we're in for an interesting roller-coaster ascent 🎢
Trx still trading in the Zone!It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario.
So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue.
I'm surprised not many people talking about Tron when it has such a large Asian and worldwide market! This is already Eth 2.0.
Tron on the verge of breakout now!We're at a pinnacle point right now and whether Tron will explode upwards, keep going sideways or fall to the downside. Something's about to give! Getting exciting!!!
TrxUsdthe price will test the support level $0.045 and then it will start to rise, the resistance levels it will reach are first $0.18 and then on breaking the level of $0.195 the next resistance is $0.31
TRXUSD Bull BiasThe chart pattern formed before the bars pattern is acting both as a symmetrical triangle and a bullflag
This can lead to a massive jump in price very quickly
The bear market hasn't even made a dent in the prices formation of this structure
I expect this from TRON aswell, being a large and relatively popular blockchain
Things like this can happen
Weekly chart
