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TRX

TRX/USDT:- Anticipating Correction towards Key Support Levels ?In this technical analysis, we delve into the price action of TRX/USDT, examining crucial resistance and support levels to decipher potential market movements. Resistance Area - 0.07800 - 0.07850 TRX/USDT has encountered a substantial resistance area at 0.07800 - 0.07850. This zone has historically posed as a formidable barrier halting upward price momentum. Anticipated Price Correction - 0.07100 - 0.07200 The potential correction is projected to lead the pair towards the support zone ranging from 0.07100 to 0.07200. This area holds significance due to its historical role as both a support and consolidation zone. Bearish Order Block Analysis - 0.07800 - 0.07850 Presently, TRX/USDT finds itself trading within a bearish order block, precisely coinciding with the resistance area at 0.07800 - 0.07850. This bearish order block signifies a cluster of price levels where selling pressure has outweighed buying activity. The alignment of this bearish order block with the resistance further strengthens the expectation of a downward movement. Stay informed, stay cautious, and keep a keen eye on the evolving market trends.
Short
by Un_trade
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.06325). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . TRXUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 0.06500 TP2= @ 0.06650 TP3= @ 0.06835 TP4= @ 0.07143 TP5= @ 0.07348 SL= Break below S2 ❤️ 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 / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.06690). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . TRXUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.07046 TP2= @ 0.07410 TP3= @ 0.07869 TP4= @ 0.08573 TP5= @ 0.09223 SL= Break below S2 ❤️ 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 / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.1230). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . TRXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 0.1299 TP2= @ 0.1361 TP3= @ 0.1415 TP4= @ 0.1482 TP5= @ 0.1557 SL= Break below S2 ❤️ 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 / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITFINEX:TRXUSDLong
by ForecastCity_ME
1
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.
Long
by theTAguy
💡Don't miss the great buy opportunity in TRXUSD @justinsuntroMidterm forecast: 0.09630 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 0.09630 is broken. Technical analysis: While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 0.16950 on 05 /07/2021, so more losses to support(s) 0.11700, 0.10025 and minimum to Major Support (0.09630) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index ( RSI ) is 49. Take Profits: 0.14850 0.16950 0.17900 0.21600 0.29500 ❤️ 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 / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
2