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Trxusdtechnicalanalysis

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
Long
by THINKLIKEATRADER
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
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 60. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.014500 to 0.011100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.014500) Ending of entry zone (0.011100) 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= @ 0.018000 TP2= @ 0.021000 TP3= @ 0.025000 TP4= @ 0.032170 TP5= @ 0.040000 TP6= @ 0.045200 TP7= @ 0.055750 TP8= @ 0.066290 TP9= @ 0.081300 TP10= @ 0.100410 TP11= Free
BITFINEX:TRXUSDLong
by ForecastCity_EU
1
Tron's latest analysis TRON Latest Price Analysis- Feb 8, 2019- Bittorrent Airdrop Effect On Tron's Price Fading? #1 Key Highlights * TRX/USD price surged 10+% and in downside correction.\u2028 * $0.02554 support level broken.\u2028 * TRX/USD closed below 200-4H Moving Average (MA) after breaking it.\u2028 * Tested Ichimoku cloud's resistance but couldn't sustain it above.\u2028 #2 TRON Latest Price Analysis – Hourly (4H) Chart TRX/USD Tron technical analysis today shows that it broke the short-term downtrend line(black) but couldn't sustain above it longer. Let's look at the insights of Tron price analysis 2019 on its Hourly (4H)-timeframe chart. TRX/USD moved 10%+ but it has been under downside correction for the past few days.It could be because of the Bittorrent airpdrop ,dated 11th February'2019, got over. It tried to challenge the 200-4H Moving Average(MA) recently but couldn't sustain over it longer.Other bearish signs could be seen is that it closed and traded below ichimoku's cloud after testing it recently. The short-term downtrend line (black), since 4th February ' 2019, needs to be broken in order to test the immediate resistance (red bar) around $0.026+. It has been testing the $0.026+ immediate resistance for the past two days. Tron's Elliott wave theory depicts that we are in the last wave of its complete cycle. Also the previous support around $0.2539-$0.2558 broke which might lead to support turned resistance(S/R flip). MACD is slightly turning bullish as well as Stoch-RSI is in oversold zone forming a bullish divergence which might cause the price jump in the coming days.But challenging S/R flip area along with immediate resistance(red bar) is necessary for Tron analysis meaning with bullish sentiments. #3 Conclusion Overall, TRON(TRX/USD) is under pressure after the BTT airdrop timeline got over and needs another catalyst to boost the price action in upward direction.
BINANCE:TRXUSD
by coinswitch-trading