TRX - good for shortExpecting double top here. Then correction. The price of TRX is very high right now. There is a lot of room for price drop. Of course I can be wrong here but Im oppening the short right now. Regards.
TRXUSDT trade ideas
Tron (TRX): Possible Rejection From Resistance!Tron is back at the major resistance zone in a 4-hour timeframe, where we have been seeing some decent rejections each time we have reached this zone.
We will be waiting out a weakness point here, which would mark the start of movement to 100 EMA.
Swallow Team
Tron 10X SHORT | Huge BD-Pot (400%+)This will be one of the epic shorts of the year... I will save it for my record book.
The details can be seen on the chart; TRXUSDT is about to crash.
➖ A bullish wave that started after a major low November 2022, ended late February 2024.
As we all know, after a strong bullish phase, a strong correction follows.
After a weak bullish phase, a weak correction follows.
Tron grew nicely, very stable, and thus we can expect a very fast, unstable and strong crash.
It should be very steep based on what the chart is showing.
The recovery... Well, we will look at the recovery after the crash so let's focus on the down-wave for now.
We have several positions/entry-points for this pair.
The leverage we use depends on our capital, our trading style, risk tolerance, etc.
We use low-leverage.
👉 We do not recommend leveraged trading. This is for experts only.
We are going "big" on this one because it is really close to the event.
If the event was far off, we would start with 2-3X. As it gets closer, we would continue to add with low lev. As the event gets even closer, we add more but with higher lev. and finally, we hit it with force because there is no going back once the whales decide that, time is up.
The whales have decided... Time's up.
Prepare for the down-wave.
Disclaimer:
This is not financial advice.
I am only sharing my knowledge based on many years of experience.
To be honest, I don't really know what "financial advice" is... I read the charts for your learning and for entertainment purposes only.
If you read these trade ideas that I share, you can learn to read charts and be entertained.
If you lose or make money, that is up to you because there is no money involved in what I do. I am a writer and I thank you for your amazing and continued support.
Now, with that said... Let's see how Tron will move next...
Will my interpretation of the chart be correct or wrong?
I am just translating what is coming from the chart.
The chart is saying down... Now we wait; we will see how it goes.
Namaste.
TRON Technical Analysis in 8-hour TimeframeTRON has shown rejection, forming a resistance trendline at $0.1304. Currently, it is close to the 100 EMA support level, with the CMP at $0.124.
If TRX fails to hold this 100 EMA, then we will possibly see a downfall toward the lower supporting trendline at around $0.113.
Be cautious with your trades and stay away from leverage trading for now.
Not financial advice.
Trade safely.
#TRX #trxusdt
Trx Trx broke the neckline of head & soldier pattern in the 1hrs time frame .
Put the sl below the neckline .
#nfa #dyor
Note - 🚨 May be btc crash due to negative things, be careful
Tron (TRX): Might Fall Hard Soon!We are working with Tron coin in a 4-hour timeframe, where we see an interesting pattern of BOS and a sharp trend.
As we see a good bullish ladder here, we also see some weakness kicking in (by looking at candlestick movement).
We are looking here for that red zone to be reached and then a nice downward movement to occur.
Swallow Team
TRON Breakout And Potential RetraceHey Traders, in today's trading session we are monitroing TRXUSDT for a selling opportunity around 0.12600 zone, TRX was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.12600 support and resistance area.
Trade safe, Joe.
I Cannot Short This !!! situation+next targets.Hi.
BINANCE:TRXUSDT
TRX is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TRX About To Complete A Bearish BAT PatternTRX About To Complete A Bearish BAT Pattern
On the daily chart, TRX is rising and indicates the possibility of completing a Bearish Harmonic BAT Pattern.
Considering that the price is about to test all-time highs again, the chances that TRX price can decline once the pattern will be completed.
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Is #TRXUSDT Set for a Bullish Breakout? Don’t Miss This Key MoveYello, Paradisers! Have you been tracking #TRXUSDT lately? It’s showing some strong signals that could lead to a major bullish continuation. Let’s dive into the details!
💎After a careful analysis of #TRON's price action, we’ve observed a promising pattern. For a long time, NASDAQ:TRON has been adhering to a descending trendline. Recently, it has successfully retested this descending resistance, indicating a potential bullish move. If #TRX breaks above the $0.11806 resistance and sustains its momentum, we could see a significant bullish continuation.
💎Due to previous strong bearish pressure, there’s an imbalance in the price. It’s likely that the price might revisit this level to fill the imbalance. If #TRX fails to initiate an upward movement from the retest level, we should look for a bullish rebound from the lower support at $0.11507. However, if the price breaks below the $0.11507 support, this could invalidate the bullish setup and lead to further declines.
Stay disciplined and focused on your trading strategy. If you master these principles, you will already be ahead of most traders.
MyCryptoParadise
iFeel the success🌴
Tron is approaching a significant Support areaHey Traders, in today's trading session we are monitoring TRXUSDT for a buying opportunity around 0.12500 zone, Tron is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.12500 support and resistance area.
Trade safe, Joe.
TRXUSDT Price UpdateHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
TRX broke above the symmetrical triangle pattern 5 days ago and has not yet been retested. The $0.1274 level holds strong resistance for TRX.
For a successful rally toward Resistance 2 ($0.1431), TRX must break above Resistance 1. Failing to do so would likely result in a rejection down to the lower support level at $0.1148.
The range between $0.1148 and $0.1185 can be considered the best entry for TRX.
Invalidation Point: A breakdown and close below the lower supporting trendline.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
TRON TRX in Immaculate Wyckoff Accumulation PatternTron painting a crystal clear Wyckoff Accumulation pattern on very high time frame charts. Due to the length of time this took - the upside breakout could be strong and sustained. However, wait for breakout from consolidation to put the trade on.
Tron (TRX): Looking For Break of EMAs to HappenTron coin is still trading above 200 EMA, which the coin been trying to break for some time now.
We are now trading slightly above those EMAs with smaller recovery so we are looking for another attempt to break that 200EMA or at least test it.
As soon as we see a weakness near that zone, it would be a sign we were waiting for and we will be look for short 😉
Swallow Team
TRX - The Outlier - Time For A Mega Short?Ah, Tronix. Yes, it's actually called "Tronix", not "Tron." The coin with the disappearing wallet. No joke, I made a wallet back in early 2019 for TRX and stored the private key. I like to do things the old fashioned way, so I wrote it down and double-checked it by logging in. The second time Iogged in, I got the notification, "this wallet doesn't exist." Since then, I've been pretty wary of this project. I could go into all sorts of conspiracy theories about Justin Sun, CZ, Binance, stablecoins......but I'll leave that to your imagination.
This is a purely technical setup. TRX is one of the few coins that has maintained higher support levels during this bloodbath. What's up with that? As far as I understand, TRX is burned to help keep the Tron stablecoin USDD pegged to the dollar. USDT recently moved away from the Tron network. Anomalies like this don't usually last long in the crypto market. I'm speculating that this breaks down massively. There's already buzz that TRX will be the next LUNA, but before I say it's going to zero, let's just look at horizontal supports. If TRX cannot hold the 200 MA on the 3 day (teal), and if it cannot hold that orange uptrend, I think it can fall 50% pretty quickly, much like other alts during this period.
On the bullish side, TRX will need to break and hold above the 200 day MA (teal in the below chart)
The 200 week MA lingers just below, at the 4 cents level. Now, the question is - does TRX test the 50 week MA near 8 cents one more time before dumping? Let's find out.
This is not meant as financial advice. This post is highly speculative, and is meant for entertainment :)
-Victor Cobra
TRX - The Outlier, Part 2This is just a quick follow-up post to my short idea on Tronix from May. Here is the original post.
I ultimately got stopped out of the first trade and failed to catch the nearly 50% drop. Despite dropping below the uptrend, TRX rebounded much better than the rest of the crypto market, and remains one of the only coins still above its bull market support. It's been doing better than both Bitcoin and Ethereum for months. So, what's going on?
Without going into too much detail, the price of TRX is being inflated due to burning mechanisms and its algorithmic stablecoin USDD. Does it deserve its current valuation? Is Justin Sun truly a genius who has engineered the perfect, stable asset? My bet is that this is not the case.
I'm scaling into a short again - entries are marked at the green levels on the lefthand chart, which shows short-term price action. Short term targets are in red, while longer term short targets are shown on the righthand chart (3 day). It might take some time for this to break down, during which TRX can again get into the mid-7 cents zone. This is especially the case if markets are to rally for another 2-3 months. This is why my stop is fairly tight here, and I'm just trying to catch a wave down.
Let's see! Invalidation will be if TRX can break and hold above that triangle resistance on the 3 day chart.
This is not meant as financial advice. This is meant for speculation and entertainment only.
-Victor Cobra
TRX ANALYSIS🚀#TRX Analysis :
🔮#TRX has broken out of a symmetrical triangle pattern on the 3D timeframe💁♂️
The breakout of the bullish pennant pattern suggests a potential bullish move📈
Expect a bullish wave of around 15% in the coming weeks
🔰Current Price: $0.12300
🎯 Target Price: $0.14100
⚡️What to do ?
👀Keep an eye on #TRX price action. We can trade according to the chart and make some profits⚡️⚡️
#TRX #Cryptocurrency #TechnicalAnalysis #DYOR
TRX#TRX/USDT
We have Bullish Weekly Structure🐃
→ Bullish Pennant above the Middle Resistance Zone
→ Higher Lows
→ EMA 50 Supports
Looking for a break out and leg upwards✈️
🎯1 Target - 0.17690$
🎯2 Target - 0.22135$
TRX setting its MONTHLY HIGHER LOW. STRONG CHARTTRX as MKR often likes to do its own
thing as I noted many times since october.
TRX is one of my few longterm SWING SPOT holdings and I simply buy it in D OS and kept adding on its way down to buy the monthly higher low.
sometimes keeping it simple is the way to go.
I like choosing charts that are decoupling from BTC for these type of plays.
TIPP:
I am watching for MKR to do the same thing!
TRX: Resistance BreakoutTrade setup : Trends are mixed but improving. Price has made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. If it breaks above $0.125 resistance, it could revisit $0.14 next.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.125, then $0.14.
TRX PriceThe Tron (TRX) price has registered a breakout of the descending triangle formation and splitted the trendline hurdle of $0.1200 mark this week.
TRXUSDT 1D#TRX is bullish! It has broken above the trend line, Ichimoku Cloud, and MA200 on the daily chart. The target prices are:
$0.12459
$0.12922
$0.13582
$0.14422
