TRXUSDT 4H – Technical factors such as RSI point to overbought, however TRX has broken out of LTB (bearish trend line) and began the incursion upwards, having as an ally the cloud of Ichimoku that serves as a true IMAG. Breaking the resistance imposed by the median of the Keltner channel at $0.06176 and passing the cloud will reach our target. We hold the position.
In terms of Tron fundamentals, it is a decentralized blockchain-based operating system that was created by the Tron Foundation and was first released in 2017. The Tron network has full support for smart contracts as well as a variety of different blockchain systems along with support for decentralized applications (dApp) in decentralized finance (DeFi) and non-fungible token minting (NFT). When we analyzed the reported on-chain data, the height of the Tron blockchain exceeded 43.61 million, with a total of 6,713 nodes across the entire network. The total number of accounts on Tron Mainnet reached 108,781,925, with 971,880 new accounts throughout the week.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.