TRBBTC
$TRB is an undervalued decentralized Oracle tokenTRB is an undervalued decentralized Oracle token
currently it is on a strong horizontal support level and testing uptrend line support on the 1D timeframe and looking ready for breakout now is the time to build your position in it before breakout for a handsome profit in the short term
Retesting strong horizontal support on the 1D timeframe and looking ready for continuation toward $80🚀
TRBUSDT Has Broken Above the Resistance
Welcome back Traders, Investors, and Community!
TRBUSDT has been moving in the Ascending Channel and has broken above the resistance. It is expected to go higher.
⬆️Buy now or Buy at 49.037
⭕️SL @ 44.421
✅TP1 @ 60.000
✅TP2 @ 66.000
✅TP3 @ 75.000
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TRBBTC: worth looking into"What Is Tellor (TRB)?
Tellor was launched in 2019 by a U.S.-based team with the aim to address the oracle problem on the Ethereum (ETH) blockchain. Tellor is an Ethereum-based, decentralized, secure oracle for decentralized finance (DeFi) decentralized applications (DApps).
To learn more about this project, check out our deep dive of Tellor.
Tellor allows DeFi DApps to receive high-value data for smart contracts. The data feed’s stability and reliability are ensured by staked miners who participate in proof-of-work (PoW) consensus.
The team behind Tellor also built Daxia, which is a derivatives protocol on Ethereum. Daxia created tokens that represented long or short sides of a trading pair, and an oracle was needed in order to execute these smart contracts. As a result, the team created Tellor, which is a decentralized, purpose-built oracle solution.
Who Are the Founders of Tellor?
Tellor was co-founded by Brenda Loya and Michael Zemrose.
Brenda Loya is the CEO and co-founder of Tellor and in the past worked as the VP and lead developer at Daxia in the field of blockchain, scalability and data science. She was also the supervisory statistician in employment and training administration at the U.S. Department of Labor.
Michael Zemrose is a co-founder of Tellor and used to work as the chief strategy officer at Daxia. He was also a coach for small business owners at Real Elevation.
What Makes Tellor Unique?
The TRB utility token is an Ethereum-based token that powers the Tellor system. Tellor works by allowing users to send queries to the oracle network, where TRB tokens are used as an incentive for miners to choose a particular query.
Later on, other users that want the same data can pay for it more to further incentivize miners. Approximately every 10 minutes the oracle selects the best-funded query and provides a challenge for the miners who have opted towards solving it.
Miners can then submit their PoW solution and off-chain data point within the oracle contract. The oracle then validates the input and saves it on the chain. Once this happens, the miners are finally rewarded for their mining efforts. Anyone that has TRB tokens can dispute the validity of a mined value, however, this needs to be done in a 24-hour interval by paying a dispute fee.
How Is the Tellor Network Secured?
Tellor takes advantage of the proof-of-work consensus algorithm in order to provide a high level of security to the network through decentralization. Alongside the PoW solution, miners need to provide an off-chain data point. Participants of the network also have to deposit a minimum sum of 1000 tokens as a stake, which acts as a guarantee of the correctness of data inputs." source cmc
Parabolic Curve Theory idea for $TRBBTC Rounded BottomThis is a personal research and idea for investment. DYOR and TIT...
This is a 3-day chart for Tellor $TRB coin.
Bare in mind this is a huge Rounded Bottom pattern that probably will develop exponentially growing price action as it starts to close. I'm calling it early as consistent with Parabolic Curve Theory (PCT) and am very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action miss some of the PCT base targets making it necessary to revisit this idea.
TIME/PRICE PROJECTION
Pattern start: Aug 31st 2020
Estimated end: 2nd half of June to 1st week of July (66 days from publishing)
Price tag at time of publishing: 236,000 satoshi
Expected price tag at end of pattern: 615K satoshi
Base 1 price level: 184,400 satoshi
Base 2 price level: 266,700 satoshi
Base 3 price level: 333,100 satoshi
Base 4 price level: 399,600 satoshi
Safe take profit range: Recommended trailing take profit at 587,300 satoshi
TECH INDICATORS
Kumo cloud is bullish with senkou span A over B and following below price action. Tenkan over Kijun sen upsloped confirm bullish momentum. Chikou lagging span is upsloped, far away and high which is also a bullish confirmation.
Parabolic SAR beneath price action bullish sign too.
Bearish divergence present on last candle.
NEWS CATALYSTS AND BTC VOLATILITY
At the time of publishing this idea we can see a huge bullish candle (may 4th) which made price action blast through base 1 target, not allowing any ranging, at least for the moment. This is consistent with the listing of the coin on Coinbase Pro, sparking great buying activity.
If we look at BTC price action on the pink line we can clearly see that $TRB hasn't been affected by bitcoins dips, at least not on this time frame.
EXPECTATIONS
I expect at least 2 months of sporadic large and increasing impulse moves to reach every subsequent base.
Ranging is expected below every base, towards the curve but they should decrease as price action moves up.
FINAL NOTE
Drawing may need to be adjusted as it's very complicated to project time on a pattern this size.
Parabolic Curve idea for $TRB BTC rounded bottom***This is not financial advice. I'm posting this publicly in the hopes of gathering additional insight from other PCT Parabolic Curve Theory knowledged people. It is a personal investigation on PCT to find more precise correlations to other indicators***
For transparency I am invested in $TRB against BTC as I am an active trader.
This is a Daily chart on Tellor $TRB which is shaping a rounded bottom (RB) which has already touched base. It's an RB with an projected total span of approximately 313 days and already 75% in.
Price: currently 111,900 satoshi
Estimated top: 654,000 satoshi
ETA: approx. 84 days from publishing
Profit from actual position: 488%
I'm expecting the 4 bases of PCT to roughly hit around the highlighted yellow fibs marked from .b1 to 4
I'm linking this post to original publishing of my PCT research.
Tech indicators show Kumo cloud reversal, also shaping a clear RB pattern with relative decrease in volume at the base and multiple TK crossovers.