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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

DateJune 22, 2020 - 15:43
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.00700 would begin in Midterm.

Technical analysis:

  • While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.01850 on 06/08/2020, so more losses to support(s) 0.01560, 0.01400, 0.01260 and minimum to Major Support (0.00700) 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 52.

Take Profits:

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

Symbol Released Current Forecast
TRON (TRXUSD) new Sun, 21 Apr 2024
TRON (TRXUSD) Tue, 16 Apr 2024
TRON (TRXUSD) Sat, 6 Apr 2024
TRON (TRXUSD) Fri, 22 Mar 2024
TRON (TRXUSD) Mon, 18 Mar 2024