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Trxusdt

If it rises above 0.07728, a sharp rise is expectedHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (TRXUSDT chart) Looking at the 1M and 1W charts, it is expected to continue its upward trend as it has risen above the respective HA-High indicators. (1D chart) However, since it is located below the HA-High indicator on the 1D chart, the important question is whether it can be supported by rising above 0.07728. If support is confirmed by rising above the HA-High indicator on the 1D chart, it is expected to rise to around 0.09029. If it rises above the HA-High indicator, it is likely to break the previous high. However, since the volatility is highly likely to form, careful trading is required. The HA-Low indicator on the 1D chart is formed at the 0.07288 point. So, we need to see if we can get support and rise around 0.07192-0.07288. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
TRX founder Justin Sun 17 days to respond to US District Court If you haven`t sold TRX here: Justin Sun, the CEO and founder of Tron, has been served a summons by the U.S. District Court and is required to respond within 17 days to the United States Securities and Exchange Commission's (U.S. SEC) lawsuit against him for alleged fraudulent crypto trading activity. The Southern District of New York has given Sun a deadline to reply to the complaint, and the SEC has sent the summons to both his residential and office addresses. Failure to respond may result in a judgement against Sun in favor of the plaintiff. I expect a major selloff before the expiration date. looking forward to read your opinion about it.
Short
by TopgOptions
3
TRX Potential Death Spiral similar to Terra LUNAHistory repeats itself for those who haven't learned from it. SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations. Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but... The reason for the potential collapse of TRX Tron 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
1
TRON retains bullish structure after liquidity grabThe move below the higher low at $0.0752 on 1 June was a liquidity hunt since this break of structure (formation of lower low) was not followed by a lower high and another lower low. Instead, prices pushed past the previous local highs at $0.08 Fibonacci retracement levels showed the 78.6% retracement at $0.0765 was retested as support and TRX bounced higher. This suggested TRX could reach higher to the 23.6% extension level at $0.0885 Entry: $0.0773 Stop-loss: $0.0738 (below the recent low) Take-profit: $0.0885 R:R- 3.1 Given the sentiment in the crypto market, profits can also be taken near the $0.0858 mark
Long
by AMBCrypto_TA
Accumulation Phase: #TRXUSD Buyers Prepare for Potential Rally💎#TRXUSDT has emerged as one of the standout performers this year, displaying remarkable resilience during the recent market downturn. The overwhelming presence of buyers is undeniable, indicating a strong likelihood of continued upward momentum. 💎It's worth noting that the price has reclaimed its position above the long-term uptrend trendline, which now serves as a potential support level. This suggests that buyers are actively accumulating, and could be setting the stage for a rapid rally in the near future. 💎We might witness a substantial 40% surge in #TRX, with a test of the 78.6% Fibonacci resistance or even a push towards the upper boundary of the long-term range. However, it's crucial to keep in mind that this bullish scenario remains valid only as long as #Tron maintains its position above the trendline. Stay tuned and seize the opportunities, ParadiseClub members! 🌴💎
Long
by MyCryptoParadise
TRX: Bullish Flag BreakoutTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke bullishly out of an Ascending Triangle pattern, which is a sign of an Uptrend. Price got overbought RSI ~ 80 and pulled back near $0.073-$0.075 support, briefly consolidated in a Bullish Flag pattern, and broke out again in the direction of existing uptrend. Next resistance level is $0.09. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, (previous resistance) then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.090.
Long
by altFINS
TRX: Bullish FlagTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke bullishly out of an Ascending Triangle pattern, which is a sign of an Uptrend. Price got overbought RSI ~ 80 and pulled back near $0.073-$0.075 support, which could be a potential swing entry with upside potential to $0.09. After a sharp move up, price is consolidating in a Bullish Flag pattern, which typically resolves with a breakout in the direction of existing uptrend. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $0.073, (previous resistance) then $0.065. The nearest Resistance Zone is $0.080, then $0.090.
Long
by altFINS
TRX: Ascending Triangle BreakoutTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke above the Ascending Triangle pattern, which is a sign of an Uptrend. However, price is getting overbought RSI ~ 80. Wait for price to pullback near $0.073. This could be a potential swing entry with upside potential to $0.09. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.065, then $0.058. The nearest Resistance Zone is $0.073, which it broke, then $0.090.
Long
by altFINS
Tron [TRX] to face price rejection at range highTRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May. Price action has hit the range high and could expose TRX to more selling pressure. A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan). The zone was a crucial resistance in the second half of April but was flipped to support in May. Entry: $0.07074 (below range high) Target: $0.06700 (resistance-cum-support) Stop-Loss: $0.07176 (above range high) R:R - 3.9
Short
by AMBCrypto_TA
1
TRXUSDT LONG Hello guys, how are you ? TRON has broke the recent high that acts as resistance back in February 20/2023 &July 29/2022. This can bring a trading opportunity on your strategy. I believe it is way better waiting for a pullback to that zone and act accordingly. Pullback has more confirmation than break out. since a breakout can be fake out I advice you to wait for the pullback drop down to a smaller time frame like the hourly and 4 hour and find a double bottom inside the zone marked . I hope you enjoy it . I believe it is important to share how you see the market on TRXUSDT please share me your viewpoint . thank you guys Risk what you can afford to lose ! use the golden rule of risk management never risk more than 2 % maximum that allows you to maintain your psychological well-being. do your own research before taking any trade . when someone share his analysis that does not mean you have to take the trade instead learn something from him. happy trading.
Long
by EthioFX