TRXUSDT.P trade ideas
The Tussle Between Justin Sun Vs SEC Continues
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. It proposed a plan for moving to reject the SEC revised complaint. The given document also says that the defendants and SEC have agreed on a briefing schedule without the need for a pre-motion conference unless deemed necessary as per the data revealed by cryptodaily.
Tron is gaining movement in bullish wedge and heading to 0.15$Tron is continuously trading in long time bullish wedge and now it's gaining momentum after touch the bottom of this wedge if it's true it can touch 0.150 mark very soon.
TRXUSDTI am watching this crypto from a long time , this crypto is sideways from a long time and form a descending triangle and as per Elliot wave analysis we can see a third wave in this crypto. I have mention two levels as per third wave analysis we can see a downfall from this two point the it will form a 4-5 wave . then it will go on
let's see how it will perform
Thanks
ishu prajapati
shortit is taking resistance again in previous rejection and we can expect fall again from current level
trx behivour this idea only learning purpose so let's start here we seen minor trend id down but support would be work like seen in pic than more chnace to reverse up side
TRX Is Not Looking GoodAs Huobi Exchange Changed Their Name To HTX First Hack Has Been Successfully Fooled , Next 8$ Million Worth Of Etherium ( 5000 ETH ) Has Been Hacked , It's Really Better To Stay Away From This Justin Sun's Exchange and Tokens
#Stay_SAFU
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.
TRON FALLING WEDGE PATTERN...📈⚡️Falling Wedge pattern has been formed on TRON breakout of the pattern will result in bullish movement.
TP - 0.08000
TRXUSDT LongTRXUSDT forming a W pattern, in the 1hr time frame. Expect a small bull movement. Any suggestions
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.
Tron weekly chartTrx 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
TRON (TRX) Short setup - WEEKLY CHARTNothing 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 .
TRX long setup BINANCE:TRXUSDTPERP
TRX long setup falling wedge pattern bullish scenario. Upto 5% takeprofit use SL 1.5%
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06325).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.06500
TP2= @ 0.06650
TP3= @ 0.06835
TP4= @ 0.07143
TP5= @ 0.07348
SL= Break below S2
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💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06690).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.07046
TP2= @ 0.07410
TP3= @ 0.07869
TP4= @ 0.08573
TP5= @ 0.09223
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
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 ❤️
TRX USDT Movement pattern by OnlineBeetlebuy red sell green go green/
that's all I have to say trade at your own risk this is not financial advice this is my personal opinion.
TRX/USDT #CRYPTOCURRENCIES HIGH RISK TRX Long Idea.
DYOR, however TRX has been highly bullish over last few weeks, as total locked value crossed 6 billion.
Expecting a successful quick scalp.
TRON BULLISH CUP AND HANDLETRON BURNS MORE THAN GENERATED.. bullish cup and handle formed and retest completed.. long here
