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Weekly forecast TRX technical chart
Symbol TRXUSD

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Trade Setup
#TRXUSD
Total Profit: 12265 pip (727%)
Closed trade(s): 5835 pip Profit (347%)
Open trade(s): 6430 pip Profit (380%)

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 (21%).
TP2 @ 0.02290 touched at 2020.08.13 with 608 pip Profit (36%).
TP3 @ 0.02670 touched at 2020.08.16 with 988 pip Profit (59%).
TP4 @ 0.03210 touched at 2020.08.18 with 1528 pip Profit (91%).
TP5 @ 0.04045 touched at 2020.09.03 with 2363 pip Profit (140%).
348 (21%) + 608 (36%) + 988 (59%) + 1528 (91%) + 2363 (140%) = 5835 pip (347%)

Open Profit:
Profit for one trade is 0.02968(current price) - 0.01682(open price) = 1286 pip (76%)
5 trade(s) still open, therefore total profit for open trade(s) is 1286 (76%) x 5 = 6430 pip (380%)

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.

DateJanuary 13, 2021 - 20:41
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.02290, resumption of uptrend is expected.
  • We make sure when the resistance at 0.04045 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 uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.03660 on 01/10/2021, so more losses to support(s) 0.02670 and minimum to Major Support (0.02290) 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 51.

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
TRX (TRXUSD) new Thu, 4 Mar 2021
TRX (TRXUSD) Sun, 21 Feb 2021
TRX (TRXUSD) free Sun, 7 Feb 2021
TRX (TRXUSD) Sun, 31 Jan 2021
TRX (TRXUSD) Wed, 13 Jan 2021