Giá lên

TRX Trend Analysis - Descending Triangle? Or is it just hype?

TRX seems to be in a pretty tight spot right now on the charts. I believe that whichever direction it chooses, the move should be strong.

If it does choose to range sideways long enough, it may invalidate parts of this analysis. There is some resistance and support in the low 500s that could create a sideways trading channel.

On the downside, this coin has historical support at 440-450 sats .

On the upside, we still have to break resistance at 520 satoshis, as well as avoid being pulled of course by Bitcoin price action.

I drew some trend lines , and a Descending triangle ( bullish ) took shape. Price decided to move up the last time we had this formation. This time, the triangle is quite steep, which is why the break out could be as well.

Fundamentally, TRX is a troubled coin. There are supporters and there are harsh critics. However, the anticipated mainnet launch scheduled for May 31 could bring the hype this coin needs to revisit old ATHs, and maybe just maybe create a new one. But that is mere speculation, of course. Charts dictate that price can go either way, but with the bull scenario a little more likely.

As always, happy trading! :)
Bình luận: Things looking good, had a nice run-up to around 530 sats. Watch price here. If breaks down, TRX could linger here a bit more and maybe even retrace a bit. But if it keeps testing / penetrating the uptrend line, I think a breakout is likely.
Bình luận: Tron failed to break out of our bullish descending wedge, invalidating it.
Now it is creeping up along our trend line.
Hopefully it holds, but hope is not a profitable emotion. Be wary
Bình luận: The wedge isn't necessarily invalidated, but the immediate bullish case of a break out is invalidated. Even if it does break out, it won't be because of the wedge being broken
TRON is a BRUTAL coin, people don't have a clue, but it's going to fire hard....
Phản hồi
nicostran genesislord
@genesislord, Fire up or down?
Phản hồi
genesislord nicostran
@nicostran, Up up!
A major bullrun is ready! It's going to be huge...
Never forget....they want you to sell the coins...
Phản hồi
nicostran genesislord
@genesislord, I hope so, it is alt season afterall :)
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất