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Target: Bullish Reversal Toward 106,446.66 Resistance Trend Context: The market was in a prolonged downtrend channel, moving lower until it reached a major support zone. Support Reaction: At the support point, price produced clear rejection candles, showing buyers entering strongly. Structure Shift: Price is now forming sideways consolidation above support. This behaviour indicates a potential shift from bearish momentum to bullish momentum. Signal Zone: The chart highlights a BUY SIGNAL aiming for the resistance level at 106,446.66. This is the primary upside target if price breaks upward from consolidation. Target Projection: The tall blue projection box shows the expected move from support toward the resistance target zone. Market Expectation: A bullish reversal is forming. If price holds above the support zone and breaks upward, the market is likely to push toward the resistance target. GBEBROKERS:BNBUSD GBEBROKERS:BSVUSD GBEBROKERS:BTCEUR GBEBROKERS:BTCJPY GBEBROKERS:CHZUSD GBEBROKERS:DOGUSD GBEBROKERS:CHZUSD GBEBROKERS:ENJUSD GBEBROKERS:TRXUSD GBEBROKERS:XLMUSD
BINANCE:BTCUSDLong
by MrStellanSight
TRON View!A well-known figure in the crypto industry, Justin Sun, founder of TRON TRXUSD and chief adviser to Huobi, opened up in an unusual post on social networks. In particular, he responded to rumors regarding his Bitcoin investments. Sun expressed confidence in Bitcoin's future but clarified that he did not take a long position at the $69,000 price level. I am very optimistic about the development of Bitcoin and have great confidence in its future. However, I would like to clarify that I did not go long on Bitcoin at the $69,000 price l
Long
by FXBANkthe8055
1
TRX / USD Price Analysis: Resisting PressureTRON / USD Short-term price analysis TRX has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows the presence of a head and shoulders pattern with the TRX / USD pair edging towards the neckline of the bearish pattern. Technical indicators on the four-hour time frame are bullish and continue to point to further upside in the short-term. Pattern Watch Traders should note that the TRX / USD pair could fall to a new 2019 trading low if the head and shoulders pattern on the four-hour time frame is triggered. Relative Strength Index The Relative Strength Index has turned bullish on the four-hour time frame and shows scope for further upside. MACD Indicator The MACD indicator has turned bullish on the four-hour time frame and is currently issuing a buy signal. TRON / USD Medium-term price analysis TRX has a bullish medium-term outlook, with the TRX / USD pair still maintaining price above its key 200-day moving average. The daily time frame continues to show a large inverted head and shoulders pattern, with bullish MACD price divergence still evident from June 2018. Technical indicators on the daily time frame are attempting to stabilize following the recent decline in the TRX / USD pair. TRX / USD Daily Chart by TradingView Pattern Watch Traders should note that the June 21st, 2018 swing-high is the upside target of the inverted head and shoulders pattern on the daily time frame. Relative Strength Index The RSI indicator is still bearish on the daily time frame, although it is attempting to recover higher. MACD Indicator The MACD indicator on the daily time frame is flat and is currently failing to generate a clear trading signal. Conclusion TRX is under pressure in the short-term, with the bearish pattern on the four-hour time frame issuing a warning that the cryptocurrency could still decline further. The prospects for the TRX / USD pair remain bright, with the inverted head and shoulders pattern and the presence of bullish MACD divergence on the daily time frame still pointing to more upside over the medium-term.
BINANCE:TRXUSDLong
by CryptoBriefingTA