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TRBUSDT

TRB / USD (Tellor) Token Analysis 24/10/2021Fundamentals Analysis: 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. 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. 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. 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. The current CoinMarketCap ranking is #404, with a live market cap of $109,136,660 USD. It has a circulating supply of 2,005,905 TRB coins and the max. supply is not available. Technical Analysis: The Token had a Bullish run and made ATH then retraced to 78.6% level of Fibonacci Retracement Level, where it is currently Reaccumulating and we are expecting a bullish wave and a new Higher cycle soon. we have defined three new Targets with Fibonacci Projection of the Past Bullish Run and highest pick and lowest retracement dumps. the 3 TP gets confirmed as soon as the price Touches the 161.8% of the same Fibonacci projection followed by some retracement and price correction.
Long
by BitonGroup
2
$TRB/USDT 12h (#BinanceFutures) Falling wedge breakout & retestTellor Tributes seems to have found local bottom and looks ready for recovery towards 100EMA! tellor.io Current Price= 31.58 Buy Entry= 30.78 - 28.46 Take Profit= 36.35 | 44.16 | 54.96 Stop Loss= 24.55 Risk/Reward= 1:1.33 | 1:2.87 | 1:5 Expected Profit= +22.72% | +49.09% | +88.55% Possible Loss= -17.12% Fib. Retracement= 0.382 | 0.618 | 0.883 Margin Leverage= 1x Estimated Gain-time= 2 months Contract: #ERC20 0x88dF592F8eb5D7Bd38bFeF7dEb0fBc02cf3778a0
Long
by TradingOn
2
TRBUSDT Analysis (LOCAL VISION)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. Entry: market and lower TP: 42 - 50 - 60 after first target reached move ur stop to breakeven Stop: under 29 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
2
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.
by TrendShot