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TRXUSD trade ideas

Will TRX cross $0.10?Positive Trend: TRX is on an uptrend, breaking above the $0.083 resistance. Triangle Breakout: The weekly chart shows a bullish breakout from a descending triangle. YTD Growth: TRX has seen a 65% growth year-to-date, defying the bear market. Psychological Mark: TRX is approaching the crucial $0.10 mark. Rounding Bottom: A bullish pattern suggests TRX could reach $0.10. Intraday Stats: TRX is currently at $0.089, with an intraday fall of 1.88%. Previous Jump: TRX had a sharp jump of 4.10% last night. Fibonacci Level: The price is approaching the 38.20% Fibonacci level at $0.097. Technical Indicators: The DMI shows rising momentum with a positive ADX line. EMA Support: Both the 50 and 200-day EMA are supporting the uptrend. Golden Crossover: The EMAs have experienced a golden crossover, certifying the uptrend. Bearish Scenario: If the price fails to break $0.097, it could challenge the $0.083 support.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
Will TRX Price Reach $0.10?TRX price action indicates a bullish trend for 2023 with a year-to-date growth of 48.45%. TRX faced resistance at $0.085, leading to a pullback to the 200-day EMA. The price action suggests a potential inverted head-and-shoulder pattern. A recent bullish reversal has pushed TRX to $0.080, with an intraday pullback of 0.49%. Technical indicators like the RSI and MACD both show bullish trends. If buying pressure persists, TRX might surpass $0.085, creating a new swing high for 2023. However, a bearish trend could challenge the bullish dominance at $0.071.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
Is TRX Poised to Break the $0.085 Barrier?TRX price consolidates between $0.075-$0.078. TRX aligns closely with the 50-day EMA, hinting at a potential breakout. A bullish surge could push TRX to $0.085. TRX has seen a 42.97% growth in 2023, with a 52-week high at $0.085. Currently trading 17.59% below its 2023 high of $0.094. Positive alignment of the 50 and 200-day EMA post-golden crossover. 1-day chart shows TRX flat-lining at the 23.60% Fibonacci level ($0.076). Current TRX price is $0.07765 with a 0.80% 24-hour growth. MACD and RSI indicators suggest bullish momentum. A breakout above $0.078 could see TRX aiming for $0.10. A bearish turn might push TRX down to the 38.20% Fibonacci level ($0.067).
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
If you are interested in the TRX coin, then this is for you.Tron blockchain is necessary and I don't see much decline in it. It has performed well compared to others during the crypto crash. The price pattern is rather good. Waiting for point c would be ideal, but I don't think that point c would be a heavy drop considering the specifics of the trx movement. Point b is also currently in progress, which already indicates a small increase. I'm not going to analyze it further on the smaller chart because I'm not going to buy it, I just can't afford to buy everything. This analysis may help someone. PS if you don't understand that point c doesn't have to exceed point a (abc strategy) then you have a lot to learn to understand that. it all depends on the specific location of the trend and its volume, etc. Don't forget to follow me, I will give analysis constantly😎
BINANCE:TRXUSDLong
by MoralDisciple
TRX targets for SeptemberSince November 2022, TRX has been trading within a parallel upward channel. The upper boundary of this channel is serving as a robust resistance, while the lower boundary is acting as a strong support line. In our prior TRX analysis, we noted the likelihood of TRX reaching its lower support line before determining its direction. In the recent cryptocurrency market downturn, TRX indeed descended to its trend line support and concurrently held its horizontal support at around $0.071. You can access the earlier TRX analysis here. Following the touch of the lower resistance line, TRX is currently moving upward and encountering resistance around the $0.0777 region. TRX maintains its upward channel robustly and is projected to overcome this resistance, progressing towards the $0.0856 resistance level. It is imperative for TRX to sustain its support from the lower boundary of the parallel channel and the horizontal support at $0.0716. Technical indicators such as the Relative Strength Index and Moving Average Convergence Divergence display signs of relief, pointing towards the continuation of the upward price movement. In the recent market downturn, TRX found support at its 0.786 FIB level and also secured support from its 200 EMA. Historically, whenever TRX interacted with the 200 EMA, it executed significant reversals, resulting in price surges. This time around, we anticipate a similar price increase for TRX, with projected targets set at $0.079, $0.085, and $0.091 for the upcoming month of September.
BINANCE:TRXUSDLong
by LuqmanEjaz
TRX Tron SELLERS Dominate Short TermHi Traders, Investors and Speculators of Charts📈📉 TRXUSDT has turned bearish in the short term Timeframe. From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term. However, from a weekly outlook, Tron is still bullish. This could mean that the current pullback is only a temporary correction. The price could continue lower for the short term, but bounce back up in the near term and continue the upwards trend. For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:TRXUSDShort
by CryptoCheck-
26
Trx Short set upHey brother and sisters 👋 Another coin we see good potential in is TRX, with good potential for another bearish movement here! We are seeing that TRX has had an amazing recovery from that recent dump market, and now it seems to be ready for another bearish movement (not so hawkish). What do you think - will we see a further drop here or no? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BINANCE:TRXUSD.PShort
by Mr_Trader1000x
TRX/USDT - TIME to SHORT (Read Why?)Hey brother and sisters 👋 Another coin we see good potential in is TRX, with good potential for another bearish movement here! We are seeing that TRX has had an amazing recovery from that recent dump market, and now it seems to be ready for another bearish movement (not so hawkish). What do you think - will we see a further drop here or no? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BINANCE:TRXUSD.PShort
by SwallowAcademy
4
Here’s Why TRX Prices Can Recover To Cross $0.10Tron (TRX) maintains an upward trend since November 2022 with a 55% year-to-date growth. Recent 22% price jump led to a rising channel formation, but faced selling pressure at $0.085. TRX prices dropped 10% in four days, now at $0.076 (23.60% Fibonacci level). In the past 48 hours, TRX prices rose by 2.02%, finding support at 23.60% Fibonacci level. Selling pressure suggests a potential drop to the ascending trendline near $0.071 (38.20% Fibonacci level). If buyers hold off selling at $0.076, bullish reversal could challenge the $0.085 overhead resistance. Breakout at $0.085 may push TRX to the psychological $0.10 mark. On the flip side, a breakdown at $0.076 could challenge the bullish dominance, possibly leading to $0.067 or $0.063 (50% or 61.80% Fibonacci level).
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
Will TRX Price Can Reach $0.11 With This Triangle Breakout? The TRX price shows a descending triangle breakout on the weekly chart and is up by nearly 28% over the past two months. After a massive 500% rise in 2021, the TRX price trend started to decline in a descending triangle pattern, with bottom support at $0.045. A recent recovery rally of 28% starting from the 38.20% Fibonacci level indicates potential for a sustained breakout in 2023. With a morning star pattern at the 38.20% Fibonacci level, TRX coin price is currently at $0.0833, showing a bullish breakout from the triangle pattern. Five consecutive bullish candles in the weekly chart, and a rising channel pattern in the daily chart, suggest further bullish growth. Despite facing resistance from the 50% Fibonacci level at $0.8385, if TRX price closes above this level, it could potentially reach $0.10. The RSI line is near the oversold boundary and the ADX line in the DMI indicator shows high trend momentum, suggesting further growth. If TRX price crosses the $0.8385 mark, it could potentially breach the $0.10 level and challenge the overhead supply at $0.1178 (78.60% Fibonacci level). However, if the rising channel breaks, TRX prices could retest at $0.077.
BINANCE:TRXUSDLong
by Coinpedia-Market-Insight
1
TRX TRONUSD UPWARDS POWERFULL BULL TRENDWhat is TRON? TRON’s tagline is to “decentralize the web,” and its ecosystem consists of several decentralized applications, some of which are quite well known. However, its primary purpose is to decentralize the content creation and distribution industry, which has received criticism for its censorship and unfair revenue distribution. To this end, TRON provides several tools alongside its protocol to ensure more democratic content creation processes. Some examples of centralized platforms that have censored videos and held a particularly strong revenue distribution control include YouTube. Indeed, the latter has censored several videos related to the cryptocurrency industry. Monetization is also a commonly discussed pain point related to YouTube. For many whose income depends largely on content, this can have a serious impact on their lives. The TRON network actually features a number of cryptocurrencies, including BitTorrent Token (BTT), JST, and a TRC-20 based version of the Tether (USDT) stablecoin. TRON has outlined a set of Dapps that work with these tokens, and with BTT at least, that includes BitTorrent Speed, BitTorrent File System, and DLive. Just (JST) is TRON’s DeFi-focused asset that powers a suite of related services. Within its remit is a stablecoin called JustStable (USDJ); JustLend, a lending platform; and JustSwap, a means to exchange to TRC-20 tokens. What makes TRON stand out? On the face of it, there isn’t much that separates TRON from its competitors. After all, all of them could just as well build Dapps that support the same goal as that of TRON. Indeed, many of them already do. However, with a more focused approach on this matter, TRON perhaps stands a chance to gain ground in this specific niche. With interoperability becoming a focal point of general blockchain development, this could perhaps further cement TRON’s position as a content-focused network. The unique selling point of TRON is that content on the network can be accessed by anyone, anywhere, with the prerequisite of an internet connection. This helps transcend censorship measures imposed by governments or companies. Several countries with totalitarian governments restrict websites and platforms, and TRON can help in this battle against censorship. Technical Analysis: Price has memory. That is a key concept in technical analysis. One of the basic tenets of the study of price history is “support broken, tends to act as resistance.”  The opposite is also a technical analysis maxim, “resistance broken, tends to act as support.” Have you ever considered why you see this play out on a chart so often? It is simple, it is because of the “anchoring bias.” Briefly, the anchoring bias is the human tendency to rely heavily on the first piece of information encountered when making decisions and then use that initial piece of information to make future decisions. Think of the price you may have personally paid for a stock. You tend to base your future decisions about that stock based on your purchase price. We calculate risk from that level and we measure our return based on that entry price. For better or worse, we are “anchored” to the price we paid. Price charts are used in an attempt to understand the collective reasoning and psychology of the participants so we can objectively prepare our trading plan. In the case of traditional (horizontal) support being broken and then acting as subsequent resistance, the more participants who are “anchored” to a price level, the greater a move will become when there is a break of that price point. When price breaks a major level of support, the “trapped longs” will have a propensity to look to get out at “breakeven” the supply from these participants helps to form resistance. In a trending market, the classic horizontal support and resistance levels are not always obvious. If we want to measure price memory from an “event” the Anchored Volume Weighted Average Price tool is the most effective means to accomplish this task. First, let’s define an “event.” In the markets, I consider a significant event to be any date from which price movement began or reversed. A short list of such events could be: earnings dates, week to date, month to date, year to date, FDA announcements, Fed announcements or just simple swing highs and lows. YELLOW ARROWS: These VWAPS were anchored off of significant pullback lows, notice how buyers emerged to defend these levels on subsequent pullbacks. Notice that the longer the anchor point is on the chart, the less sensitive to current price action it will become. The AVWAP is not just useful on longer term timeframes, it can also reveal some key insights about market behavior on intermediate and shorter-term timeframes  After gapping lower, buyers took control of the TRX and the AVWAP from that swing low provided intraday support on a panic selloff As buyers became more aggressive on the gap higher, this AVWAP was briefly violated in early December, but then proved to be a good support level as prices stabilized near 0.59 Because of its moving property, the AVWAP can be analyzed in ways like a traditional moving average. Some considerations when using this indicator include; direction and slope of the AVWAP, how far above or below price action is in relation to the AVWAP, etc. A robust indicator such as AVWAP can be implemented into any trading analysis or strategy. Experiment with various anchor points in you targeted markets and stocks and you will immediately recognize its value. As a stand-alone study or when viewed with other oscillators and indicators, the AVWAP is likely to become one of your favorite analysis tools. S1 0.61 S2 0.54 S3 0.48 On May 9th 2023 the Donchian Channel breakout has been confirmed by high volatility and volume, RSI +68,a strong sign that the breakout is valid and promissing to start the uptrend
CAPITALCOM:TRXUSDLong
by DaveBrascoFX
3
TRX 4H ForecastTRX had a downward spike in previous market movement, and we can look at this upward price movement as a correction (CP). Price got close to the gray order block but didn’t get a chance to enter, but if you look closer, you can see it did a Double-top with the Pin-bar shown with the red line .. and made an excellent downfall after that .. now the price is near the dynamic trend line, and was looking for good spots to enter, Here are the instructions : 
1 - Price goes up to the resistance shown with line 1, which is also near the neckline in lower timeframes. 
2 - After that price moves back down to Line 3, which is a Support zone in his time frame and higher time frames. 
3 - next, t price moves back up to line 2, which is a golden pocket 4 - and then goes to line 4, which is the last support zone in this time frame (support zone near the price ), and that’s where the whales are waiting for you Please leave your comments, and let's talk and share some insights.
BINANCE:TRXUSD.PShort
by Cryptosours