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Justinsun

TRX Tron Double Top Chart PatternTRX Tron has formed one of the most obvious and bearish chart pattern out there: the Double Top. The double top chart pattern is a bearish reversal pattern that is commonly observed in technical analysis of financial markets. This pattern typically forms after an extended uptrend, indicating that the market may be losing momentum and could potentially reverse its direction. The pattern is characterized by two distinct peaks that are formed at approximately the same price level, separated by a period of consolidation or retracement in between. The two peaks are often referred to as the "left shoulder" and the "right shoulder," while the period of consolidation in between is referred to as the "neckline." Once the second peak is formed and the price breaks below the neckline, it is considered a confirmation of the double top pattern. This break below the neckline indicates that the buyers are no longer able to push the price higher, and the sellers may have regained control of the market. The Price Target of this pattern for TRX Tron on this particular pattern is $0.054! Looking forward to read your opinion about it!
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by TopgOptions
Tron TRX Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. TRX/USDT short Entry Range: $0.065 - 0.070 Price Target 1: $0.055 Price Target 2: $0.045 Price Target 3: $0.030 Stop Loss: $0.074
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by BuySellMarketMaker
TRX Tron Founder Justin Sun 4 Days Left To SEC Lawsuit Summon !Justin Sun's Deadline Approaches: 4 Days Left to Respond to SEC Lawsuit Summon Over Alleged TRX Market Manipulation! Tron (TRX) cryptocurrency founder Justin Sun has reportedly been issued a summons in the Securities and Exchange Commission (SEC) lawsuit. The SEC charged Sun with "fraudulently manipulating the secondary market for TRX through extensive wash trading," claiming that trades were made without a change in "beneficial ownership." The SEC also alleged that the distribution and sale of BTT and TRX required Sun to register the sales with the agency because they were allegedly sold as securities. In addition, the SEC accused Sun of orchestrating "a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation." This claim suggests that Sun may have been involved in misleading investors by paying celebrities to promote TRX and BTT without disclosing their compensation. The allegations against Sun are significant and could potentially have a significant impact on the cryptocurrency market. I expect TRX Tron selloff soon! Looking forward to read your opinion about it!
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by TopgOptions
TRX Tron | Binance US to Delist Justin Sun's TRX Next Week !!If you haven`t sold TRX Tron here: Then you should know that Binance US, the American division of the world's top cryptocurrency exchange Binance, has declared that it will delist TRON (TRX) from its trading platform next week, on April 18. Binance made the decision to delist TRON in response to the US Securities and Exchange Commission's (SEC) recent crackdown on the cryptocurrency magnate. In its press release, the regulatory authority accused Justin Sun and his three wholly-owned companies, namely Tron Foundation Limited, BitTorrent Foundation Ltd, and Rainberry Inc, of defrauding investors by selling unregistered securities. Sun is also accused of performing "extensive wash trading" and organizing a scheme to pay celebrities to promote TRX and BTT without revealing their compensation. Additionally, the SEC charged a number of celebrities, including Jake Paul, Ne-yo, and Lindsay Lohan, with illegally endorsing TRX and BTT without revealing their pay. According to Elliott Wave theory, I expect for a retracement tp $0.052 level. Looking forward to read your opinion about it.
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by TopgOptions
TRX Tron 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.
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by TopgOptions
2
Tron TRX Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Tron TRX Price Targets: TRX/USDT short Entry Range: $0.060 - 0.066 Price Target 1: $0.055 Price Target 2: $0.045 Price Target 3: $0.030 Stop Loss: $0.074
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by BuySellMarketMaker
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.
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by TopgOptions
3
TRX Tron the Next LUNA ? Justin Sun is the CEO of TRX, Tron, the 15th biggest cryptocurrency, with a market cap of $4.74 Billion. Justin Sun`s TRX also controls a stablecoin, USDD, that keeps on depegging from the dollar recently. He has also a controlling stake in Singapore-based Huobi, the fourth largest digital asset exchange. Yesterday the amount of withdrawals from Huobi were significant, $60 Million. There are Insolvency Rumors for Huobi. I think TRX will ultimately reach its pandemic low of $0.0072. Looking forward to read your opinion about it.
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by TopgOptions
2
🔥✅FIRST DIGITAL YUAN: STRONG FUNDAMENTAL SIGNAL FOR TRX🔥 Hi friends! Tether and TrueUSD released Chinese offshore yuan on TRON. CNH₮ and TCNH will drive the next bullish trend in crypto, says Justin Sun (owner of TRX and Huobi). ✅ This will definitely lead to an increase in the number of users (TRC network) and the development of the blockchain system on Tron. Good fundamental news! Now the price consolidate inside the huge triangle which is part of global bullish pennant pattern. 📊 TRADING PLAN FOR TRX: 🔥 squeeze to the trendline and test it as the support. I want you to pay attention to the possible manipulations below the local lows. The whales collect the liquidity in this way 🔥 huge whales buy orders before the breakout and during the test the triangle as support. I use DOM and Footprint to track such activity and open a trade with the biggest players on the market 🔥 bullish BTC 🚩 Friends, push boost button of you remember BTC global triangle in 2018. And after the 5-6 tests the price finally broke it down. I think that the same things can happen on TRX. So it will be even better opportunity to enter the TRX because a lot of retailers will wiped out and the price will grow even higher. ✅ MID- AND LONG-TERM TARGETS FOR TRX: 1. $0.092 - key level and local high 2. $0.18 - key level, ATH 3. $0.45-0.5 - technical target according to bullish pennant pattern 🚩 Tron ranks 15th among the largest crypto and has a capitalization of $5 billion. So, the growth by 600-700% will not be a difficult task for this altcoin. Are you bullish on TRX? Write your thoughts and targets for TRX in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
The Fork of Thrones - Will the Merge Fracture the ETH Ecosystem?The much anticipated (or dreaded if you're a miner) "merge" coming in Sep 19th will officially move the Ethereum ecosystem from proof-of-work to proof-of-stake. Justin Sun seems to see the opportunity for this event to sow some chaos within his competition by supporting ETHW and ETHS coins on the Poloniex exchanges as of this week. - ETHW and ETHS is similar to ETC (Ethereum Classic) in the sense that they are hard-forks of the original ETH chain - which means that if you had money in a wallet during the time of the fork, you would have gotten copied coins of it there, too. (Free money!) FYI, if you had your money on an exchange during that time, however, the coins go to them, not you. - ETC has had many issues in the past, including having gotten 51% attacked, which is probably the worst thing that can happen on any given chain. These new projects (with more likely to emerge as a result of miners looking for work after leaving ETH2) will also be vulnerable to similar attacks just because the smaller size makes it easier for hackers to target. - A lot of developers and artists were chased off ETH due to its high-gas fee problems last year, and it's unclear if they're going to be going back, or if the foundation has any strategy of addressing this problem in the near future. (Right now the ecosystem is dominated by talks of speculators talking to other speculators about speculation - which usually is a bad sign for a project's long-term prospects.) ETH has many issues to contend with, even if the merge is successful. (Sharding and scaling issues are planned for 2023, not in September, btw - it's unclear whether or not this upgrade will have an impact on the high fees.) - Crypto's biggest sell during a recession - staking rewards - is not available on Bitcoin, since simply doesn't have the mechanism to do so. The rivalry between the two coins right now revolves around the pros/cons of PoW vs PoS, but keep in mind that on PoW, mining power = voting power; on PoS, money = voting power. Aside from Tezos (XTZ) and a few other niche projects, most coins do not offer on-chain governance so the results of voting will always be unclear and vulnerable to manipulation/misinformation. It's going to be a crazy year for both crypto and the general economy so hope people are prepared. Good luck, folks. 🤞
COINBASE:ETHUSDLong
by RyanTanaka
21
TRXUSDTThis is a short analysis We are witnessing dynamic support and resistance. If we expand our vision, we can also see a flag pattern My long-term view of this currency is declining I also consider this currency to be a currency left over from the declining market, which may surprise everyone Keeping an eye on this currency, we realize that it is trying to move freely, unlike bitcoin This is a negative point from my point of view Because sooner or later the investors of this currency will intend to withdraw their profits, which will increase the sales volume
by aliasadii