TRXUSDTWe can accumulate trx at current price for mention elliot waves, this is the second time i am posting trx chart. TRX is stil bullish for me. This crypto is sideways from a long time and form a descending triangle and as per Elliot wave analysis we can see a third wave in this crypto. I have mention two levels as per third wave analysis we can see a downfall from this two point the it will form a 4-5 wave . then it will go on
let's see how it will perform
Thanks
ishu prajapati
Trxusdt
TRXUSDTI am watching this crypto from a long time , this crypto is sideways from a long time and form a descending triangle and as per Elliot wave analysis we can see a third wave in this crypto. I have mention two levels as per third wave analysis we can see a downfall from this two point the it will form a 4-5 wave . then it will go on
let's see how it will perform
Thanks
ishu prajapati
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.
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.
💡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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TRX/USDTTRX/USDT, chart looks promising as it has formed a Weekly Inverse Head and Shoulders pattern which may take the price to fresh new lvls providing insane gains. Right now it is retesting previous highs and is on the verge of breakout from yearly resistance zone which has been reversing the prices back to the lower lvls. Since, it is Weekly TimeFrame it may take some time for the expected move but I am sure it will skyrocket in this BULL CYCLE. (Upside lvls in *green* and Downside lvls in *red*)
DISCLAIMER :- I am not a Financial Advisor, this chart is for educational purposes only (DYOR).
BITTREX:TRXUSDT
💡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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TRX/USDT ( TRON ) LONGGGG !!!!- Cryptos have turned bullish after the recent correction .
- TRX has broken previous high and retesting that level right now .
- Long trade setup has been given above . Trade according to the levels
- Maintain strict stoploss
- Message me to learn how to TRADE crypto currency in INDIA .
- Message me to learn how I fix my targets.