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Weekly forecast TRON technical chart
Symbol TRXUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.01260 to 0.01100). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.01660, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.01660 and expect to reach short-term targets.

  • Beginning of entry zone (0.01260)
    • Support on 09/24/2019
    • Support on 09/25/2019
    • Support on 09/26/2019
    • Support on 09/27/2019
    • Support on 09/29/2019
    • Support on 09/30/2019
    • Support on 12/19/2019
    • Support on 01/03/2020
    • Resistance on 03/20/2020
    • Resistance on 04/02/2020
    • Resistance on 04/05/2020
    • Support on 04/17/2020
    • Support on 04/19/2020
    • Support on 04/23/2020
  • Ending of entry zone (0.01100)
    • Support on 11/26/2018
    • Support on 11/27/2018
    • Support on 04/01/2020

DateMay 31, 2020 - 14:06
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.00700, beginning of uptrend is expected.
  • We make sure when the resistance at 0.01660 breaks.
  • If the support at 0.00700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.01392 on 05/25/2020, so more gains maximum to Major Resistance (0.01660) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 66.

Take Profits:

  1. 0.01400
  2. 0.01560
  3. 0.01660
  4. 0.02030
  5. 0.02290
  6. 0.02670
  7. 0.03210
  8. 0.04045
  9. 0.05570
  10. 0.06625
  11. 0.08120
  12. 0.10040
Click on the level to view price action history.

Symbol Released Current Forecast
TRON (TRXUSD) new Mon, 18 Mar 2024
TRON (TRXUSD) Sun, 10 Mar 2024
TRON (TRXUSD) Mon, 4 Mar 2024
TRON (TRXUSD) free Sun, 25 Feb 2024
TRON (TRXUSD) free Tue, 20 Feb 2024