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Weekly forecast TRON technical chart
Symbol TRXUSD
Trade Setup

#TRXUSD
Total Profit: 28607 point (545%)
Closed trade(s): 3947 point Profit
Open trade(s): 24660 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 0.07715(current price) - 0.05249(open price) = 2466 point (47%)
10 trade(s) still open, therefore total profit for open trade(s) is 2466 (47%) x 10 = 24660 point (470%)

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 0.06386 is broken, we will close open trades.
DateMay 28, 2023 - 12:18
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.06386 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.06386 is broken.

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) 0.08290, 0.09280, 0.10178 and more heights 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 67.

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) new 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.