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Trontrx

Tron [TRX] to face price rejection at range highTRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May. Price action has hit the range high and could expose TRX to more selling pressure. A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan). The zone was a crucial resistance in the second half of April but was flipped to support in May. Entry: $0.07074 (below range high) Target: $0.06700 (resistance-cum-support) Stop-Loss: $0.07176 (above range high) R:R - 3.9
Short
by AMBCrypto_TA
1
Tron analysis: 4 Hour Timeframe Bullish Chart PatternsConclusion for today’s Tron Price Analysis: Price closing above 0.030536 implies more bullish upside in Tron (TRX). Tron analysis for today is carried out on a 4 hour timeframe candlestick chart using a log scale. The bottoming price action from August 14, 2018 to current date is the main focus of study and/or examination in order to provide guidance for future price development. Chart patterns identified in Tron are the head and shoulders (or complex, inverted head and shoulders) bottom pattern and a descending triangle. The former (ideally bullish) formed between October 11, 2018 and May 15, 2019 when price closed above the neckline of the pattern at ~0.030536. The latter (ideally bearish) was established from January 10, 2019 to May 15, 2019 when price broke out above the upper boundary of the pattern as opposed to the conventional expectation of a lower close and confirmation as a result of price closing below the triangle. The descending triangle in this case provided non-confirmation and therefore be used to further argue for a bullish bias in Tron (TRXUSD). The minimum estimate for the bullish move expected in Tron can be obtained by measuring the vertical distance between the head and the neckline of the pattern and projecting it onto the breakout price level at 0.030536.
BITFINEX:TRXUSDLong
by Coin_Analyst
TRX is a frog preparing to leap, will we create a new bottom?It seems to me that we may see some action around the 3rd, after we see the dip in the current Elliott wave of this cycle. I am a designer, and I have created a diamond diagonal grid pattern based on common angles of rise and fall. TRX is a frog preparing to leap, will we create a new (higher) bottom after the surge settles? I certainly hope so- and I have reason to believe that this will be the case increasingly given the current and coming partnerships. Be safe! Not financial advice.
BINANCE:TRXUSD
by primroseverglade
TRON UPWARD MOMENTUM NEEDED TO BREAK RESISTANCE Hello everyone! TRON needs to break the .0427 resistance in order to have serious upward bullish momentum. Look for any break in the resistance it could potentially mean TRX could go through the roof. TRX has been bouncing up and down in between the support of .0409 and the resistance of .0427 for some time now. Upcoming we are expecting to see a bullish push in the cryptocurrency market relatively soon. If we break through the .0427 support then we will need a while to recover. Thank you for reading! Throw a like if you agree!
BITFINEX:TRXUSD
by Murph22
2