Tron’s TRX Burn Total Exceeds 7.7 TrillionThe Tron network has figured out how to beat the remainder of the digital forms of money in the midst of the as of late expanded bear pressure. Tron's local token TRX has flooded by more than 25% in the beyond 30 days. In a bid to help this increment the organization is continually executing different consumes.
Very nearly 300 million TRX consumed
Justin Sun, Tron's head, informed that another very nearly 300 billion TRX tokens have been shipped off a dead wallet. The exchange was worth around $24 billion. The token is exchanging at a typical cost of $0.079, at the press time. According to the Tron people group, in excess of 385 billion coins were singed on May 26, 2022, to back the cycle.
In the mean time, two other comparative exchanges were recorded by the Whale Alert as of now. More than $14.9 billion worth of 184 billion Tron tokens were moved to an obscure wallet. Notwithstanding, Tron hasn't asserted that these exchanges were important for their consume cycle.
Commercial
The Tron network has guaranteed that they are in a condition of flattening. This statement comes in as they have sent around 7.7 trillion TRX tokens to a dead wallet in only 30 weeks. The Tronscan referenced that TRX consumed comparing to the decentralized stablecoin USDD crossing 7.2 trillion tokens. Nonetheless, Sun looks hopeful as he holds back nothing trillion TRX consume mark.
May saw enormous consume exchanges
According to the information, the TRX consuming cycle saw an enormous spike in the long stretch of May. The spikes proceeded to contact the 1 trillion symbolic consume level two times this month. May 5, 2022, saw the send off of one more stablecoin USDD upheld by TRX. Nonetheless, the USDD has likewise outperformed a major milestone. The stablecoin has figured out how to fabricate a course of more than $600 billion. This huge achievement has come in the midst of the new Terre LUNA and UST memorable accident.
TRXBUSD_B5D108.USD trade ideas
Tron 5.26.21Tron looks like it wants to break if crypto, equities, and the rest of the markets including the 10y and dxy will just chill. Bump and run imo with a confirmation of a breakout. so dumb for not following my own ideas and buying it and holding it since 2020. sold way too early
TRXUSD Bull ExperimentThere is an obvious and monstrously large triangle on TRXUSD. Do not assume it will retrace to the bottom of the triangle. TRX has been holding strong in the face of adversity, and it barely flinched during the recent market downturn. The trend is your friend. Don't fight it. There's a substantial amount of overhead resistance. My plan is to sell into that resistance and possibly buy back on a retrace in anticipation for a bigger move. Let's see what happens.
Tron Price Analysis — May 25Tron retraced from the $0.0830 barrier on Wednesday as the broader crypto market took a bearish turn in the London session. The thirteenth-largest cryptocurrency has now fallen to the $0.0800 support line.
While the overall bias behind TRX is bullish, we could see a bearish decline below the $0.0800 level in the near term, albeit a likely brief one. This is due to the repeated failure of the crypto to breach the $0.0830 since the start of this week.
That said, a sustained break above the $0.0830 barrier in the near term should prompt a bullish rally towards the $0.0900 top.
Meanwhile, my resistance levels are $0.0830, $0.0850, and $0.0880, and my support levels are $0.0800, $0.0780, and $0.0760.
Total Market Capitalization: $1.25 trillion
Tron Market Capitalization: $7.6 billion
Tron Dominance: 0.6%
Market Rank: #13
TRXUSD ❕ under the 50MATron is moving in an upward channel.
The price has fixed below the 50MA on the 30M Timeframe.
I expect that TRX may fall to the lower boundary of the channel if price fixes under the resistance level.
Tron TRX 2022 Bull Run or BearishBased on the current events it seems that Tron is one of the stablecoins that is willing to withstand a bearish market. Does this mean you should be buying now? Based on the charts I suggest buying now and then seeing what the market will do during the week.
Buy TRXUSDBuy position in TRXUSD this is great opportunite. If you agree withe my idea don t forget like and comment pls .
TRXUSD - Approaching A BreakoutTRXUSD on the left can be seen to be sitting on top of the 200MA in a very bullish formation (daily timeframe)
Supporting this bullish theory is the MACD which is in its preferred state before bullish takeoff
TRXUSD on the right can be seen to be sitting above the middle Gaussian Channel band on a Weekly timeframe
A great entry just above the line
TS ❕ TRXUSD: expect a downtrendTRX has broken through the ascending channel and now we can expect a downtrend. Now the price is heading to the retest of the channel penetration level, after which a drop can be expected.
SELL scenario: short to 0.073.
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Remember, there is no place for luck in trading - only strategy!
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TRXUSD ❕ bullish flagTron is moving in an uptrend channel.
Trading volumes on the downtrend are declining.
The 50MA has crossed upward of the 100MA on the 30m Timeframe.
The price is now forming a bullish flag trend continuation pattern.
I expect that after fixing above the trend line the price will reach the resistance level.
Tron SHORT IdeaPretty simple to read the chart. Broke Support & currently testing Resistance.
Good Short opportunity in my opinion
Target is 0.07 cents
TRX Sell Idea Pretty simple to read the chart. Broke Support & currently testing Resistance.
Good Short opportunity in my opinion
Target is 0.07 cents
SHORTING $TRXVery clear rejection of this key level supported by a bearish RSI divergence in the 4H time frame as you can see here:
trxusdtrxusdt i think it can break this line but if cant it will go down to .50 zone then start uptrend
TRXPERP SHORTDouble Top Pattern (buy before breakout) Manage ur Risk DYOR
entry 0.08080
SL 0.08625
TP 0.07642
0.07364
0.07140
0.06915
0.06596
I think TRX is going to drop Trx saw a good move to the upside and is now exhausted and I think it’s going to drown
This is not a financial advice
DYOR
TRX short, 1.86RHey,
just a TRX short I quickly drew on the chart. 1.86 and based of a bearish 1D vector candle reversal (cryptomarket-maker.com)
Let me know what you think :)
TRXUSD Strong short-term but long-term needs moreTron (TRXUSD) has showed incredible strength short-term since May 01 up until today. Even though it broke above the 1D MA200 (orange trend-line) yesterday for the first time since December 17 2021, the coin remains within a long-term Triangle pattern since the April 21 2021 High.
As a result it is still best to trade the Triangle (buy low - sell high) for as long as the 1W MA100 (red trend-line) supports and the Lower Highs (top) trend-line of the Triangle resists. In order for the market sentiment to turn bullish again on the long-term, we believe that a break above the 0.786 Fibonacci retracement level is needed (which contained the previous Lower High). In that case we expected a new rally towards the 1.382 Fib (matched the April 2021 High) and the 1.618 Fib in extension around 0.2200 - 0.2300.
Note that the 1D CCI has been within a Channel Up since the last Triangle Higher Low. Adds to the bullish break-out case.
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trxusdtThe higher-time analysis shows that we are in a triangle, which is a flat in its higher degree
