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Weekly forecast TRON technical chart
Symbol TRXUSD
Trade Setup

#TRXUSD
Total Profit: 3359 point (51%)
Closed trade(s): 191 point Profit
Open trade(s): 3168 point Profit

Trade Setup:
We opened 13 BUY trades @ 0.06099 based on 'Valley' entry method at 2022-09-29.

Closed Profit:
TP1 @ 0.06290 touched at 2022-10-06 with 191 point Profit. (3%)

Open Profit:
Profit for one BUY trade is 0.06363(current price) - 0.06099(open price) = 264 point (4%)
12 trade(s) still open, therefore total profit for open trade(s) is 264 (4%) x 12 = 3168 point (48%)

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.
DateOctober 26, 2022 - 22:28
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.04680, beginning of uptrend is expected.
  • We make sure when the resistance at 0.09280 breaks.
  • If the support at 0.04680 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 61 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.05835 on 09/28/2022, so more gains to resistance(s) 0.06725, 0.07200, 0.08240 and maximum to Major Resistance (0.09280) 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 59.

Take Profits:

  1. 0.06290
  2. 0.06725
  3. 0.07200
  4. 0.08240
  5. 0.09280
  6. 0.10178
  7. 0.11576
  8. 0.12935
  9. 0.15202
  10. 0.18000
  11. 0.21600
  12. 0.29500
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
History
Daily-Trading-Opportunities on TRXUSD.