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US Rate Rise - How It Translates On The Top-10THE US had a rate hike which was as expected and yet we still see the charts go crazy, not just bitcoin but most of the top-10. The one surprise was that inflation did not drop at the rate it was forecast to do. The drop was 0.1% and not 0.3% as expected. So where to from here? Well that depends on how we close this 24-hour range and if we can take the high of that candle out. We are not out of the pain zone just yet and I am waiting for a push to $22,000 for bitcoin to get that daily trend with some proper momentum. We haven't seen a daily trend on bitcoin that was more than a bear bounce since March 2021 so to see one now will give us cryptotraders plenty of options to work with so long as it's not in a single candle.
FTX:TRXPERPLong
by TraderCobb
Trx still trading in the Zone!It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario. So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue. I'm surprised not many people talking about Tron when it has such a large Asian and worldwide market! This is already Eth 2.0.
BINANCE:TRXUSDLong
by Immortalsouls
2
TRX Year-Long Triangle Concluding (Elliott Wave/Neowave)TRX has been trading in a relatively tight range since last year, that range is coming to a point now and it seems like, based on EW structure, that this triangle should break up within the next few weeks. If it doesn't break up in the next few weeks then we'll probably see it continue to consolidate into the tip of the triangle until the end of the year, before breaking up. If this is the end of a pattern which began in 2018, as shown on my chart, we should see a explosive and near vertical move out of this range. Typically, when volatility reaches a very low point, it is often followed by a massive increase in volatility. This combined with USDD potentially burning a huge amount of the supply of TRX in the future could lead to prices in the double or even triple digits over the next year.
KRAKEN:TRXUSDLong
by Intuit
5
TRX & Cryptos TrendConsolidation phase of the minimums. TRX, like many other cryptocurrencies (including BTC), will initiate a phase of consolidation of the lows that will last throughout the month of August. It could go further until mid-October. After the double bottom, the upward retracement will begin following the declines that began last October (the beginning of the war) which will give great but vain hopes. The new BullRun will start from the end of 2023 so until then it will be an ups and downs of retracements and accumulations. We can call it stationarity.
BINANCE:TRXUSD
by Victuarski