TRON (TRX) Short setup - WEEKLY CHARTNothing much to explain about it , it just broke a triangle on weekly time frame and retested it too . I think we can have a rally to the downside from here . I am already short .
Tronusd
TRX READY FOR 10% RUN!!Cup and handle formation in the 4h.
To make an entry, wait for breakout and retest on the trendline.
For targets, using fib we can start taking profits.
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.
Head and Shoulders being formed ?Tron in the process of forming H&S ?
If the pattern formation completes, enter short.
Looking how BTC is going to play out (fall), TRON will likely complete the pattern.
NOT FINANCIAL ADVICE.
POSIBLE TRIANGLE PATTERN ON TRON $TRX LONG ANALISISthis analysis is just an idea, it is not an investment advice please, if you liked my analysis give me a like and leave me your feedback!
TRXUSD Third Chance: Profit=150% SL=12% Reward/Risk > 12.5:1Third Chance Trade Setup summary:
Profit targets = 150% = { TP5 = 28% + TP6 = 44% + TP7 = 78% }
Stop Loss =12%
Reward/Risk > 12.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (0.02780) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 0.03580
TP6= @ 0.04020
TP7= @ 0.04950 (New)
SL= Break below 0.02670
--------------------------------------------------------------------------------------------------
Trade Setup:
We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020.05.10 :
and opened 4 BUY trade(s) @ 0.02250 based on 'previous Forecast' at 2020.08.27 :
Buys Current Status:
Total Profit: 366%
Closed trade(s): 180% + 186% = 366% Profit
Open trade(s): 0% Profit
First buy closed Profit:
TP1 @ 0.01830 touched at 2020.06.08 with 30% Profit.
TP2 @ 0.02250 touched at 2020.08.13 with 60% Profit.
TP3 @ 0.02780 touched at 2020.08.16 with 90% Profit.
30% + 60% + 90% = 180%
Second buy closed Profit:
TP1 @ 0.02780 touched at 2020.08.30 with 18% Profit.
TP2 @ 0.02960 touched at 2020.08.31 with 31% Profit.
TP3 @ 0.03580 touched at 2020.09.01 with 59% Profit.
TP4 @ 0.04020 touched at 2020.09.03 with 78% Profit.
18% + 31% + 59% + 78% = 186%
Technical analysis:
. TRXUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
TRXUSD Update: Profit=4230 SL=760 Reward/Risk > 5.5:1 Trade Setup summary:
Profit targets=4230 pip (420 + 710 + 1330 + 1770)
Stop Loss =760 pip
Reward/Risk > 5.5: 1
Current Status:
Total Profit: 2415 pip
Closed trade(s): 1280 pip Profit
Open trade(s): 1135 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020.05.10 :
Closed Profit:
TP1 @ 0.01830 touched at 2020.06.08 with 430 pip Profit.
TP2 @ 0.02250 touched at 2020.08.13 with 850 pip Profit.
430 + 850 = 1280
Open Profit:
Profit for one trade is 0.02535(current price) - 0.01400(open price) = 1135 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1135 x 1 = 1135 pip
Technical analysis:
. TRXUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.02250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP3= @ 0.02670
TP4= @ 0.02960 (New)
TP5= @ 0.03580 (New)
TP6= @ 0.04020 (New)
SL= Break below 0.02060
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
TRXUSD Update: Profit=10200 SL=2400 Reward/Risk > 4.2:1Trade Setup summary:
Profit targets=10200 pip (3000 + 7200)
Stop Loss =2400 pip
Reward/Risk > 4.2: 1
Current Status:
Total Profit: 17100 pip
Closed trade(s): 4300 pip Profit
Open trade(s): 12800 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020.05.10 :
Closed Profit:
TP1 @ 0.0183 touched at 2020.06.08 with 4300 pip Profit.
Open Profit:
Profit for one trade is 0.0204(current price) - 0.0140(open price) = 6400 pip
2 trade(s) still open, therefore total profit for open trade(s) is 6400 x 2 = 12800 pip
Technical analysis:
. TRXUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
New Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.019500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 0.0225
TP3= @ 0.0267
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
TRXUSD Update: Profit=19400 SL=5400 Reward/Risk > 3.6:1 Trade Setup summary:
Profit targets=19400 pip (7300 + 12100)
Stop Loss =5400 pip
Reward/Risk > 3.6: 1
Current Status:
Total Profit: 19500 pip
Closed trade(s): 4300 pip Profit
Open trade(s): 15200 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020.05.10 :
Closed Profit:
TP1 @ 0.0183 touched at 2020.06.08 with 4300 pip Profit.
Open Profit:
Profit for one trade is 0.0216(current price) - 0.0140(open price) = 7600 pip
2 trade(s) still open, therefore total profit for open trade(s) is 7600 x 2 = 15200 pip
Technical analysis:
. TRXUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested uptrend and also a price rejection from uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 0.0225
TP3= @ 0.0267
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
There is a trading opportunity to buy in TRXUSDTechnical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0155 to 0.0123). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0155)
Ending of entry zone (0.0123)
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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0180
TP2= @ 0.0220
TP3= @ 0.0275
TP4= @ 0.0322
TP5= @ 0.0400
TP6= @ 0.0452
TP7= @ 0.0557
TP8= @ 0.0663
TP9= @ 0.0813
TP10= @ 0.10041
TP11= Free
There is a trading opportunity to buy in TRXUSDTechnical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 38.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0145 to 0.0111). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0145)
Ending of entry zone (0.0111)
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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.01800
TP2= @ 0.02100
TP3= @ 0.02500
TP4= @ 0.03217
TP5= @ 0.04000
TP6= @ 0.04520
TP7= @ 0.05575
TP8= @ 0.06629
TP9= @ 0.08130
TP10= @ 0.10041
TP11= Free
There is a possibility for the beginning of an uptrend in TRXUSDTechnical analysis:
. Tron/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.021400)
Ending of entry zone (0.018100)
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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.025000
TP2= @ 0.027650
TP3= @ 0.032170
TP4= @ 0.040500
TP5= @ 0.045200
TP6= @ 0.050600
TP7= @ 0.055750
TP8= @ 0.066290
TP9= @ 0.081300
TP10= @ 0.100410
TP11= Free
There is a possibility for the beginning of an uptrend in TRXUSDTechnical analysis:
. TRON/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the support zone (0.030 to 0.025), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.030)
Ending of entry zone (0.025)
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 the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0346
TP2= @ 0.0405
TP3= @ 0.0435
TP4= @ 0.0506
TP5= @ 0.0557
TP6= @ 0.0643
TP7= @ 0.0729
TP8= @ 0.0820
TP9= @ 0.1005
TP10= Free
A trading opportunity to buy in TRXUSDTechnical analysis:
. TRON/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.034 to 0.030). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.034)
Ending of entry zone (0.030)
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 the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0405
TP2= @ 0.0435
TP3= @ 0.0506
TP4= @ 0.0576
TP5= @ 0.0658
TP6= @ 0.0739
TP7= @ 0.0820
TP8= @ 0.1005
TP9= Free
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
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
