TRONUSD trade ideas
Tron Bullish breakout Tron Gave bullish breakout buy at current price range for easy 20% upside target.
Tron analysis 25/03/2021Ascending traingle that was challenging the lower resistance looked liked breaking upwards a few days ago but was shut right down and started challenging the lower resistance again. On the hourly it looks like it might rise just a little but on the daily it's definitely going down. Over the next two days it looks like it'll break the lower resistance and the downwards trend seems to be all the way down to the resistance level at ~0.39$.
Tron looks like this not gonna stay above 3 cents for long time book profits accordingly
it has chances to go above 4 cents
TRX Breaks Down Below The Symmetrical Triangle PatternThe weekly technical chart of TRX highlights a positive trend built by the coin with modest price corrections in between. A sudden spike in price movements can be seen from Jan 3, 2021. A symmetrical triangle continuation pattern is formed on Tuesday's trading session. TRX successfully broke down that pattern for a downward movement with the resistance zone placed at $0.0293 and the following support zone of $0.0264.
The Moving Average Convergence Divergence (MACD) had a crossover signal line indicating a selling signal in the coin. The histogram also started to form a few massive red bars after the crossover.
Meanwhile, the Commodity Channel Index (CCI) with a value of -72.00 indicates that the coin is in a downtrend and in an oversold region. It formed a descending parallel channel from 189.00 to -72.00
TRXUSD:- Symmetrical Triangle. Bullish above $0.032712$TRX TRX has formed an Symmetrical Triangle. We might see break-out on the upwards if volumes support it. It has cross $0.032712 to be in a bullish territory.
TRX USDT Long PredictionNext stop may be 0.02950$ USDT. Let us see what will happen. It is not an investment advice.
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
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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.
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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
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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
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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
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Don't miss the great buy opportunity in TRXUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.014). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 0.0183
TP2= @ 0.0225
TP3= @ 0.0267
SL= Break below S2
