TRX
💡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
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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.
💡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
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💡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:
0.14860
0.16950
0.17900
0.21600
0.29500
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in TRXBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (100).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. TRXBTC 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 71.
Take Profits:
TP1= @ 140
TP2= @ 200
TP3= @ 270
TP4= @ 308
TP5= @ 465
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in TRXUSDT @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.03300).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.52.
Take Profits:
TP1= @ 0.04850
TP2= @ 0.05450
TP3= @ 0.06440
TP4= @ 0.07300
SL= Break below S2
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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 ❤️