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Weekly forecast TRON technical chart
Symbol TRXUSD

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Trade Setup
#TRXUSD
Total Profit: 10245 pip
Closed trade(s): 5835 pip Profit
Open trade(s): 4410 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.01682 based on 'Valley' entry method at 2020.06.03.

Closed Profit:
TP1 @ 0.02030 touched at 2020.08.01 with 348 pip Profit.
TP2 @ 0.02290 touched at 2020.08.13 with 608 pip Profit.
TP3 @ 0.02670 touched at 2020.08.16 with 988 pip Profit.
TP4 @ 0.03210 touched at 2020.08.18 with 1528 pip Profit.
TP5 @ 0.04045 touched at 2020.09.03 with 2363 pip Profit.
348 + 608 + 988 + 1528 + 2363 = 5835 pip

Open Profit:
Profit for one trade is 0.02564(current price) - 0.01682(open price) = 882 pip
5 trade(s) still open, therefore total profit for open trade(s) is 882 x 5 = 4410 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 0.02290 is broken, we will close open trades.
  • Price may also reach 0.02290, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateNovember 1, 2020 - 20:43
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.02290, resumption of uptrend is expected.
  • We make sure when the resistance at 0.02905 breaks.
  • If the support at 0.02290 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.02290 is broken.

Technical analysis:

  • While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.02900 on 10/20/2020, so more losses minimum to Major Support (0.02290) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

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) Tue, 16 Apr 2024
TRON (TRXUSD) Sat, 6 Apr 2024
TRON (TRXUSD) Fri, 22 Mar 2024
TRON (TRXUSD) Mon, 18 Mar 2024
TRON (TRXUSD) Sun, 10 Mar 2024
History
Daily-Trading-Opportunities on TRXUSD.