Trx technical analysistrx needs to break that descending channel
now I can see that 20 day ema green slightly crossing the 50 day ma black
which is a bullish sign and candles are forming above the both moving averages
but still we need to wait because its decision time for trx 560-570sat is a strong resistance
need to break this descending channel and 565 resistance
Search in ideas for "Trxusd"
Tron would probably resume its uptrend againTechnical analysis:
TRON/DOLLAR s in a range bound and resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
The price is in a range bound but we forecast the uptrend would resume.
There is a possibility of temporary retracement to suggested support zone (0.0562 to 0.0516). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0562)
Ending of entry zone (0.0516)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0642
TP2= @ 0.0780
TP3= @ 0.1005
TP4= Free
$TRX is the most slept-on asset in crypto. Here’s why🚨 CRYPTOCAP:TRX is the most slept-on asset in crypto. Here’s why 👇
📌 In Jan 2018, TRX hit $0.30 when #Bitcoin was only $17,178
📌 In 2021, TRX was $0.18 with BTC at $64,899
📌 Today BTC is $113,000, but TRX is still just $0.32
How is TRX still lagging… despite tech, adoption, and ecosystem growth?
It’s time to rewrite the narrative.
It’s time to Make TRON Great Again. #MTGA 🔺
Much respect to justinsuntron & trondao
Builders never stop. The community stands with you. 💪
NFA & DYOR
TRX Long Swing Setup – Waiting for Pullback After Bullish RallyTRX has seen a strong rally over the past few days, and we’re now watching for a retracement into support. The $0.260–$0.262 zone offers a potential long spot entry as price cools off.
📌 Trade Setup:
• Entry Zone: $0.260 – $0.262
• Take Profit Targets:
o 🥇 $0.278
o 🥈 $0.292
• Stop Loss: Daily close below $0.249
TRX NEXT EXPLOSION INCOMING? TRX NEXT EXPLOSION INCOMING?
TRX is showing a strong bullish setup after breaking out of a long-term consolidation pattern.
🔹 Price has cleanly broken out of a multi-year descending structure
🔹 Retested the key support zone around $0.21–$0.23
🔹 Still respecting the long-term ascending trendline from 2020
🔹 Historical move: 6,469% rally in the previous cycle — current structure suggests similar potential
Key Technical Levels to Watch:
🟩 Support Zone: $0.209–$0.230
🟩 As long as TRX holds above this level, bias remains bullish
🟩 This is a breakout + retest scenario.
🟩 Potential Upside Targets: $0.65 → $1.20 → $2.20+
The chart structure is indicating the possibility of a strong uptrend continuation, with bullish momentum building on higher timeframes.
TRX is technically strong and could be gearing up for a major leg higher if key support holds.
Add it to your watchlist. NFA & DYOR
TRX’s price has pumped by 0.57% in the last 24 hours.1) TRX could hit $0.088 in 2023
2) TRON’s price prediction for the most bearish scenario will value TRX at $0.057 in 2023
3) TRON’s previous All Time High was on 5th January 2018 where TRX was priced at $0.23
4) To simplify the latest TRX price prediction, we have divided up the prediction by short term TRON price prediction and long term TRON price prediction.
5) TRX had a trading volume of $288,753,858. TRON has gone up by 3.94% in the past 30 days.
6) According to our analysis in the short term, TRON price prediction for August 2023 shows the average price of TRX at $0.068 and the highest possible price for August 2023 would be $0.072.
7) Further, according to our analysis in the long term, TRON price prediction for December 2023 shows the average price of TRX at $0.073 and the highest possible price for December 2023 would be $0.078.
TRX been doin good!This analysis is for those who are looking for some good investments in the crypto market. As we can see many meme coins getting pumped and dumped within a few hours, due to which, the beginners loose a lot of money. So, if you're one of those people, or you got some losses from the crypto market, Tron (TRX) is one of the coins which might give good returns on investment.
Tron has two main functions, it is a global content sharing platform and it allows the users to make their own automated applications. It is basically an NFT.
According to price data provider CoinMarketCap, Tron’s price reached an all-time high of $0.22 in January 2018 amid a crypto-wide bull run. For most of 2018 and 2019, Tron’s price hovered between $0.01 and $0.04. Tron’s price hit a fresh peak of $0.16 in April 2021, rising with the rest of the market as bitcoin broke $64,000 for the first time.
It borrows some of its technology from Ethereum too, the Tron Virtual Machine which is similar to Ethereum's Virtual Machine. YouTube is a major competitor of Tron, but Tron is built more with decentralized file sharing in mind.
According to some news sources, Tron is being burnt more than that of its net production daily, this is a positive news for Tron. The Total supply of TRX is around 100B, out of which 71B is currently circulating.
Now, if I come to the technical analysis, TRX is currently at a major supple zone. It tested the same level many times in the past few days. Now, today, even when the Bitcoin was falling, along with all the other altcoins, Tron was still showing some results on the positive side. Now it is near the golden zone of the bearish Fibonacci Retracement, which I made during the Bearish markets of June. If it breaks the Golden Zone perfectly, it will be officially in a massive bull run again.
It got retraced from the golden zone of bullish Fibonacci retracement too. Now, it might go for a new high at the -0.382 level of the same Fibonacci Retracement.
[ CRYPTO ] TRXUSDT Long TradeSep 4
r : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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