this is trading in oversold area and expecting a nice rally from current price
Tron is a blockchain based operating system developed by the tron foundation in 2017. Initially the token was launched in the Ethereum blockchain and later it was moved into its own blockchain.It supports various types of smart contracts and dapps. Recently Tron foundation alongside Justin sun, Bittorrent and Rainberry submitted a new pre-motion letter on May 2....
Tron is continuously trading in long time bullish wedge and now it's gaining momentum after touch the bottom of this wedge if it's true it can touch 0.150 mark very soon.
I 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...
0.1114 breakout long entry planning Risk Reward Ratio 1:5
this is trading in buying range and expecting nice rally in coming session
it is taking resistance again in previous rejection and we can expect fall again from current level
taking a support at previous support area and expecting move upside in coming sessions
this idea only learning purpose so let's start here we seen minor trend id down but support would be work like seen in pic than more chnace to reverse up side
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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....
Falling Wedge pattern has been formed on TRON breakout of the pattern will result in bullish movement. TP - 0.08000
TRXUSDT forming a W pattern, in the 1hr time frame. Expect a small bull movement. Any suggestions
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....
Trx is forming a triangle pattern in weekly timeframe And has shown no move since months I hope it will give good move once came out of this cage
Nothing much to explain about it , it just broke a triangle on weekly time frame and retested it too . I think we can have a rally to the downside from here . I am already short .
Trxusdt 4 h chart looks bullish if support line gets confirm
BINANCE:TRXUSDTPERP TRX long setup falling wedge pattern bullish scenario. Upto 5% takeprofit use SL 1.5%