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Weekly forecast TRON technical chart
Symbol TRXUSD
Trade Setup

#TRXUSD
Total Profit: 20957 point (395%)
Closed trade(s): 3947 point Profit
Open trade(s): 17010 point Profit

Trade Setup:
We opened 14 BUY trades @ 0.05249 based on 'Hammer' entry method at 2023-01-06.

Closed Profit:
TP1 @ 0.05333 touched at 2023-01-08 with 84 point Profit. (2%)
TP2 @ 0.05835 touched at 2023-01-13 with 586 point Profit. (11%)
TP3 @ 0.06535 touched at 2023-01-14 with 1286 point Profit. (24%)
TP4 @ 0.07240 touched at 2023-02-20 with 1991 point Profit. (38%)
84 (2%) + 586 (11%) + 1286 (24%) + 1991 (38%) = 3947 point (75%)

Open Profit:
Profit for one BUY trade is 0.0695(current price) - 0.05249(open price) = 1701 point (32%)
10 trade(s) still open, therefore total profit for open trade(s) is 1701 (32%) x 10 = 17010 point (320%)

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.

DateMay 10, 2023 - 18:49
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.04525, beginning of uptrend is expected.
  • We make sure when the resistance at 0.09280 breaks.
  • If the support at 0.04525 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.05485 on 03/11/2023, so more gains to resistance(s) 0.07240, 0.08290 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. 0.05333
  2. 0.05835
  3. 0.06535
  4. 0.07240
  5. 0.08290
  6. 0.09280
  7. 0.10178
  8. 0.11576
  9. 0.12935
  10. 0.15202
  11. 0.18000
  12. 0.21600
  13. 0.29500
Click on the level to view price action history.

Symbol Released Current Forecast
TRON (TRXUSD) Fri, 22 Mar 2024
TRON (TRXUSD) Mon, 18 Mar 2024
TRON (TRXUSD) Sun, 10 Mar 2024
TRON (TRXUSD) Mon, 4 Mar 2024
TRON (TRXUSD) free Sun, 25 Feb 2024