📊 TRB re-testing resistance ! What's next?Hello, dear TradingView members.
This idea is a TRB analysis.
TRB pumped more than 16% today, and it's the second time this week that it has tried to break that resistance level.
The price is moving above the upper Bollinger Band, which causes weakness, and sends overbought signals.
However, RSI tells us the market still has room to go higher, which makes two scenarios possible for the near future.
Scenario one:
A breakout:
The price will either pump now or move to resistance levels after getting more support and buy volumes.
Scenario two:
A fake-out:
The price will fall after being around the resistance zone for a while.
The Bollinger Bands are broad, and I used them to show the resistance and support levels. Not entirely accurate, but still practical.
The Speedometer indicator shows Buy volumes on the market for TRB on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
TRBUSD
TRB (Tellor) Token Analysis 28/03/2022Fundamental Analysis:
Tellor is a decentralized oracle network.
Oracles are a key part of blockchain infrastructure that update valuable off-chain data, making it available for on-chain smart contracts.
Tellor’s oracle supplies data that can be requested, validated and put on-chain transparently with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications.
To learn more about oracles check out the article Oracles 101:
coinmarketcap.com
Tellor’s oracle is a decentralized network of staked data reporters. Becoming a reporter requires no verification process i.e. permission less. Anyone anywhere in the world can be a reporter using open source software, a unique characteristic among blockchain oracles.
With some knowledge of blockchain and smart contracts, interested data reporters holding more than 100 TRB can start earning rewards for providing accurate data.
When oracle users request the value of an off-chain data point (e.g. BTC/USD), data reporters compete to add this value to an on-chain data-bank, accessible by all Ethereum smart contracts. The frequency with which data can be updated is limited only by how much / how often users “tip” the feed with TRB.
Also unique to Tellor, data is submitted in bytes meaning the oracle is flexible and robust for nearly any blockchain application.
The purpose of Tellor’s native token, Tributes (TRB), is to connect and align data reporters, oracle users, and community governance.
Security is achieved through Tellor’s governance contract, which uses a simple dispute mechanism to achieve community consensus on the data being reported. The way this works is that data reporters must stake TRB in order to report data and earn rewards, but they can be disputed and slashed, with their stake given to the disputer if they submit data the network deems incorrect.
Tellor was launched in 2019 by a U.S.-based team with the aim to address the oracle problem on the Ethereum blockchain.
Tellor was founded by Brenda Loya, Nick Fett and Michael Zemrose.
Brenda Loya is the CEO and co-founder of Tellor. Previously, Brenda worked as the VP and Lead Developer at Daxia in the field of blockchain, scalability and data science. Previously she was an economist and supervisory statistician at the U.S. Department of Labor.
Nick Fett is a co-founder and CTO of Tellor. Previous to Tellor, he was the founder of Daxia, a derivatives protocol on Ethereum. Nick also has experience in economics, regulation, derivatives, and machine learning including positions at the U.S. Commodities Futures Trading Commission.
Michael Zemrose is co-founder and CSO of Tellor and previously did Business development at Daxia. He was also an entrepreneur in media and consulting for several years before joining the world of crypto.
Tellor (TRB) has the Total supply of 2,385,988 tokens as of 28/03/2022.
The current CoinMarketCap ranking is #535, with a live market cap of $55,483,608 USD. It has a circulating supply of 2,313,777 TRB coins and the max. supply is not available.
Technical Analysis:
The Price Value Has Fallen to its 90% low, From its All Time High and has already Accumulated its Intrinsic Value and the Smart Money Flow is on its way. Currently the Price is at the 85% low of the ATH and it can be considered a good Opportunity for Investment.
There exist the Bullish Divergence of Price Value and MACD which is the very sign of Bearish Trend reversal and Start of the New Cycle and Bullish Impulsive waves.
We have defined 3 Targets by the Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension Levels, and these levels can be considered as the very important Pivot point on the Price Rally.
The 3 TP will get its Confirmation as the Price Triggers the 2 TP followed by some Price Correction and Retracement which is the distribution Phase.
TRB can Start To Increase Soon🔵🟡Chart is speaking it self!
TRB / USDT
-TRB is in a Double Bottom Pattern
-The break out has not Happened yet!
-If the Bullish Break out happens, we Must Expect a Bullish Movement as much as the Measured Price Movement.
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Thank you for seeing idea .
Have a nice day and Good luck
💥TRB ROAD TO $70🚀Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Yesterday’s daily candle closed above resistance and broke price out of consolidation.
If the new uptrend continues, we’ll see trb in good ROI in the coming days.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on TRB (TRBUSDT ) 🤗
Happy Trading💰🥳🤗
TRB - In the breakout rangeTRBUSDT :
The price is moving in one channel.
As can be seen in the chart, prices have repeatedly encountered and reacted to this trend.
That all leads to a price drop.
If this trend is broken, we expect a good move.
If the price breaks the trend line of the first target, we will probably have a good price jump.
But :
The buy signal has not been seen, yet.
The trend line has not been broken, yet.
Bitcoin movements at this time may affect its movement.
Then :
You can monitor this coin and put it in your watchlist.
TRB TELLOR LONG Opportunity 20211021Signal: Red -> Green
Confirmation: Break Through the Resistance Line and Stay above
TRB , TRBUSD , TRBUSDT ,TRBUSDTP, Tellor, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
TRB - a quick trade, don't miss it❗🚀A potential quick trade. TRB broke through the local key level of $52.2. And is now testing as support. The target is $57 to $59.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
TRB Exemple of possible bottom, unlike TomoUSDTHi,
Here is an example of a potential bottom on 4H, up to 12H time frame, for TRBUSDT. The daily candle is currently not closed yet.
On the 12H, we can see a candle with a relative big wick at the bottom, like on the 22.06.2021 at 14h00.
On the 12H RSI has make some bullish Div, and Stochastic as crossed to the upside from a low level. It's look like bullish to me.
Bullish Div detected the 19th of jully at 14h00 on 4H :
With a Bullish div confirmed yesterday 19th of jully at 14h00, on the 1H time frame, and with a bearish trend line broken today at 09h00, re-tested a little bit bellow at 11h00
There is a bigger down trend line on the 4H. if this trend line is also broken, than the target can be higher.
I'm just not sure yet of the potential target. If TRB can go to the top of the 4H-12H range at arround 41-42, or not.
Have a nice day to every body.
Regards
TRB has great potential. :)Hello, I am publishing today my first idea on the pair TRBUSDT , time frame 2h. As always I will be mentioning a few scenarios and for each I am giving the reasons why I think that way.
FIRST SCENARIO- The market has been hurt these days by BTC. But TRB seems to recover so fast in the area between 87-96.5$. Even though we can clearly see a downtrend in this time frame, looking at the RSI, it shows a small sign of a bullish trend. However a lot of volume is needed, because if not, The RSI may show a bearish divergence. However I expect at first a small drop between 76-86 area, in which is a very buying opportunity. I think there will be at least another drop in price. In that area is a great moment to buy. If you want to have a SL, I would recommend it to be under 74$. But TRB recovers very fast, and to me it has great potential with this movement it is doing.
SECOND SCENARIO- If the daily candle closes as a hammer, probably in a few hours we could see movement in the area between 87-94$. We could be witnessing a trend reversal and the price may hit the TP of 125-127$. However it is critical to see how the daily candle stick will close and if there will be another drop of BTC and all the coins. Trade with caution and be careful while trading. TRB is very good, and recently it has recovered quite better. Be patient. If you do not feel like trading in this volatile market, step aside. Hope you liked my idea and you are free to comment for everything. :)
TRB - TELLOR - Oracle madness will begin soonTRB - TELLOR - Oracle madness will begin soon
LINK has been floating rather dead in the water for months while everything else pumped to high heaven. DIA and TRB have done well but not stellar.
I expect we have an 'oracle season' soon. DIA and TRB will boom imo.
This initial target is just the beginning. I expect it will do much more than that. Will update as we go.
I chose TRB over DIA because of 3 things;
1. DIA basically uses a normal centralized database with some on chain verification to make things faster and cheaper. but imo that kinda semi destroys the point
2. The tokenomics on DIA are not as good. and the team has wayyyyy to many to work with and dump etc.
3. TRB is lagging in ranking #, around #347 today! thats a large amount to pump it into the top 100 which iam sure it will get to.
glhf