Get started

TRON

TRON TRX price is under serious threat. Be careful!At first glance, the price of TRXUSDT has finally broken out of the 2-year consolidation and even managed to test the consolidation from above. With any other cryptocurrency, after such a pattern, one could say with great confidence that it is safe to buy it, as the price is likely to continue to rise. But not in the case of TRX, because yesterday the SEC filed a lawsuit against Justin Sun, the founder of TRON, accusing him of market manipulation, selling unregistered securities, and fraud. The only question we have is: what took so long? After all, these sins of San's have been going on since at least 2017, when it was "pump season". So if you want to buy TRX now, you better think twice about whether you need it. If you still want to buy TRX, then remember what happened to the price of Luna and FTT. Who knows what will come to light during the trial and investigations? Well, Justin Sun can only guess) And if he did know something and he is smart, he could easily sell off his TRX for 2 years while the price was in consolidation. There are many questions and few answers, but soon there will be more. We have shared our thoughts, and the decision is, as always, up to you. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45
TRX Tron the next to fall?I think TRX Tron is the next to fall after BNB Binance Coin. The reason is their stablecoin, USDD. According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX, BTC, and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%. This is the USDD collateral: TRX 10,929,535,279 BTC 14,040.6 = about $313Mil USDT 29,964,253 USDC 39,719,839 so besides TRX, the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil. Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion. Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654. Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin". Looking forward to read your opinion about it.
Short
by TopgOptions
3
✳️ TRON vs BTC Changes Pattern | Potentially A Bullish SignalThis pair has been moving inverse to Bitcoin but now it seems to be moving together with Bitcoin... This is a big change. When the dynamic of some pairs changes, this can signal that the overall market dynamic is changing as well or is about to change. ✔️ TRXBTC while in the bearish cycle moved inverse to Bitcoin. ✔️ TRXBTC now changing to become correlated with Bitcoin. Can this tells us that Bitcoin is now entering a bullish phase? Possibly. We will have to wait and see but since the 1st of February, something changed. The signal has been noted. Namaste.
Long
by AlanSantana
TRX/BTC Main Trend. Linear 1 week. Rhombus 250% The main trend. Breakout. Linear chart 1 week, to show the trend more clearly without market noise. Rhombus (diamond) 250%. Breakdown of the price and fixation above the resistance of the main trend (downtrend channel), as well as the aggregate of the diamond resistance edge. Remember, 5 05 2022 starts USDD possible prepared "stream of positive news" to accompany this reversal of the trend. This is what the main trend (long-term) looks like on the candlestick chart on the same 1 week timeframe Secondary trend. Rhombus zone (reversal pattern) on 3 day timeframe Local trend. This trading situation breakdown and exit from the local accumulation channel.
by SpartaBTC
17
TRON DONE ACCUMULATINGTRON $TRX has been in a long long long accumulation phase, no significant big price movements for a year just about. Indicators look bullish, money flow teetering around the mid-line, RSI looking for continuation. I think it will be a slow mover for another week or so, but shouldnt retrace or correct any lower than 0.06, probably the bottom. Also adjusting for lower fees is ultimately bullish for TRX in the future. ENTRY- 0.07006 @ 5x leverage LIMIT ORDERS - $0.067, $0.0635 NO STOP LOSS IM CONFIDENT THIS WILL NOT COME CLOSE TO LIQUIDATION OR EVEN 0.06 again. however this is crypto and anything is possible. GL TO ALL
Long
by dcure
1
TRX triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Tron broke up this triangle📐 and now backtested it's upper edge. I think there is chance for run to 0.06905 and even lower. Buying here makes sense to me. ENTRY : @ 0.06270 STOPLOSS (SL) : local high @ 0.06093 TARGET (TP) : height of the triangle projected from midpoint of the local range @ 0.06905 REWARD RISK RATIO (RRR) : 3.3 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
TRX inverted H&SIn the beginning of this year Tron broke up the major downtrendline☝️. Then after this👇 sucessful call... ... TRX formed Inverted Head and Shoulders 🤷 on the daily timeframe and triggered the pattern by breaking the neckline up (zoom in to see the details). Price then fell back down below the neckline and recently broke up once again. I think there is chance for run to 0.08555 and even higher. The yellow uptrendlines could act as a guide. INVALIDATION (SL) : Right Shoulder @ 0.05879 TARGET (TP) : Inverted H&S target projection @ 0.08555 Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
3
Contracting Bollinger Bands on the 1W chartHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. Following yesterday, today we changed the background color of the chart. Please leave a comment on which chart is more eye-catching, yesterday's background color or today's background color. For your information, there is a significant difference between viewing a chart in real time and sharing a chart with a picture. Therefore, I would be grateful if those who share and use my charts leave comments. ------------------------------------- (TRXBTC 1W Chart) The key is whether it can rise above 0.0000 0318 in order to release the upward force. --------------------------------------- ------------------------------------------ (TRXUSDT 1W chart) The key is whether it can be supported at 0.06427. In particular, as the Bollinger Bands are contracting, volatility is expected in the near future. (1D chart) It is important to be able to rise above the 0.06427-0.06532 section and be supported. If not, you should check for support around 0.06004. TRX is holding the price near the M-Signal on the 1M chart, so it can be clearly seen that the long-term trend is about to turn into an uptrend. Therefore, as mentioned in the explanation of the 1W chart, it can be seen that the current position is located in a very important section. If the mid- to long-term wiggle starts, there is a possibility of touching around 0.05358, so you should think about how to respond now. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
1