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TRON

TRX 3 scenario#TRX/USDT $TRX rejected from support zone, and reached a resistance zone. 🐮 if price hold the support zone, and break out from resistance zone around $0.077, so it is going up to touch upper line of triangle around resistance zone of $0.09. 🐮🐮 break out from triangle will help price increase more to complete double bottom pattern at $0.15 and $0.176. 🐻 break down from lower line of triangle and support zone, will drop price to complete AB=CD pattern around $0.03
BINANCE:TRXUSD
by parissap
6
LPT vs THETA - The Future of Video, Storage, and LivestreamingBack in 2020, YouTube's #1 Creator, PewDiePie (Felix Kjellberg), announced that he would start streaming on DLive -- one of the first "working" crypto-based livestreaming service at the time. "Working" is in quotes since the partnership didn't last very long (YouTube eventually signed an exclusive rights deal with Kjellberg) and whether or not the platform is actually decentralized and censorship resistant is somewhat debatable. DLive later moved its platform onto TRON (under Justin Sun) -- then was later acquired by BitTorrent and now uses BTT as its currency layer. There's a whole story behind that whole series of transactions too (including the rise and fall of DTube), but we'll stay focused on the crypto livestream/video market for now. Right now the two big contenders in the crypto livestream/video markets are Livepeer (LPT) and Theta (THETA). Both projects claim to be the future of video -- which is decentralized, ubiquitous, and always available at any time. Livepeer is an open-source platform where anyone can build anything on top -- whereas Theta (founded by former YouTube co-founder, Steven Chen) is more of an enterprise-driven project with the backing of well-known, major companies out there. The differences in style and how they talk about themselves as a project is pretty stark, to say the least. Right now the biggest bottleneck in the NFT market is storage and bandwidth capacity -- it's no secret that we live in a world where most people come to expect video as their primary source of content, but due to technical limitations (video, especially livestreaming, requires an exponentially higher amount of bandwidth/space) a lot of NFT projects out there avoided the issue by simply scaling down to simple images of apes, punks, and rocks. Most people working in content know, however, that video is where things need to eventually go, but in order for that to happen, there needs to be major upgrades done on the backend in order to accommodate the massive amounts of bandwidth that video systems require. Web3 is only just getting started, in other words. Filecoin (FILE) and Theta have a similar pattern since they both tend to target enterprise-level customers as their main focus, where as STORJ has a similar pattern to LPT and ETH since they're more open-sourced and decentralized. The patterns and where the money is coming from seem to be very clear, here. Which will win out in the end? We don't know, yet. It's doubtful that the viewer really cares about where their content is coming from or how it's hosted -- the platform that entertains them the most is probably where they will go. In a way, this is just the eternal contest between small vs big production values -- maybe there may be room for both in the future. Which platform will create the most interesting content?
COINBASE:LPTUSDLong
by RyanTanaka
TRON time to gain 🚀🚀Based on the chart, the price is close to channel resistance ✔️ and here we have an important support area for the price ✔️ if the price breaks the purple area and our channel resistance to the upside and stays far from the purple area, we expect sharp gain for the price 🚀💣 other important support and resistance are located on the chart ✔️ This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
Long
by MadWhale
2
Tron Price Analysis — February 4After breaking out of the long-sustained bearish channel, TRX has surfaced above the eleven-day ascending trendline as the cryptocurrency inches closer to the $0.0650 resistance. A break above the 4-hour 200 SMA, which coincides with the $0.0650 resistance, should help TRX regain a solid bullish trajectory as we approach “Valentine’s rally.” The twenty-fifth-largest cryptocurrency briefly slipped back into the ascending channel earlier today following the US NFP reports, although bulls seized control again and pushed the price above $0.0640. It would be interesting to see what the weekend and next week hold for TRX. Meanwhile, my resistance levels are $0.0650, $0.0680, and $0.0700, and my support levels are $0.0620, $0.0600, and $0.0580. Total Market Capitalization: $1.66 trillion Tron Market Capitalization: $6.44 billion Tron Dominance: 0.35% Market Rank: #25
BINANCE:TRXUSD
by Mr_Wogbe_Alex
TRON - The Bottom Is Near!Tron is approaching the double bottom region from 2021 where we saw a bull run of over 170%! It appears we have one more drop before we reach that level, which can be traded. SHORT Trade Idea: - Watch for rejection of the structure (0.06 to 0.065) - Enter with stops above that structure level - Targets 0.045 to 0.05 LONG Trade Idea: - Watch for bullish price action around the 0.045 level - Enter with stops below the rejected price - Targets: 0.08, 0.13, ATH's Goodluck!
by Altsignals
2
TRXBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. There is the support area S1 which has supported the price several times. We have 3 areas: R1, R2, and R3. The price can move up to R1 and you can save profit there. If R1 and R2 are broken, the price can move up to R3 and you can sell your profit there too. You had better sell it at the R1 line because it is likely for the price to hit the R1 line and then fall. If S1 is broken, it will see lower prices. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
8
$TRXUSD entry PTs .001804-.0068-.051865 Next Target PT 2.40-17TRON Coin Price & Market Data TRON price today is $0.059529663343 with a 24-hour trading volume of $658,735,152. TRX price is up 3.9% in the last 24 hours. It has a circulating supply of 100 Billion TRX coins and a total supply of 102 Billion. If you are looking to buy or sell TRON, HitBTC is currently the most active exchange. What is Tron? Tron is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The Tron blockchain is built around the usability of its native token, Tronix (TRX). Who created Tron? The Tron blockchain was created by Tron Foundation, a Singapore based organization that is currently headed by Justin Sun. Prior to creating the Tron Foundation, Sun founded Peiwo, an app that aspires to be the Asian Snapchat. This app got Sun into the 2017 Forbes 30 under 30 list. Sun was also the former Chief Representative of Ripple in China and a graduate of Hupan University. Tron came about after a successful ICO which raised over $70 million in September 2017. What is the Value of Tron? Using the blockchain and its decentralized smart contract capability, the idea of Tron is that users will experience a decentralized internet where “middlemen” such as Google and Facebook are not needed for users to access content. To draw an example, currently the most ubiquitous video sharing platform is Youtube, which is a privately owned company with privately owned servers that stores and serves video to its viewers. However, using Youtube’s services means that creators and users have to comply with Youtube's terms of service and may have to pay for its content in one way or another. Creators on the Youtube platform may earn a share of Youtube’s revenue, but the pay structure is entirely up to Youtube’s discretion. Tron aims to replace services such as Youtube and others by becoming the decentralized infrastructure in which users can connect directly with creators and pay the creators directly for the content they wish to consume. How does the Tron Blockchain work? The TRON protocol runs on a Delegated Proof of Stake (DPoS) Governance Model. This allows users to perform transactions with close to zero-fee whilst still being resistant towards transaction spam. Transactions on the Tron Blockchain are maintained by a consortium of Super Representatives (SR) that are voted in by TRX holders who have locked their stake in the form of Tron Power. There are 27 top-voted Super Representatives and 100 Super Representative Candidates. The hierarchy of SR and SR Candidates are readjusted every 6 hours based on the number of votes they receive from Tron Power holders. Can I mine Tron? No, you can’t mine Tron because Tron runs on a Delegated Proof of Stake consensus algorithm. This is different from Bitcoin which uses the Proof of Work algorithm. New Tron tokens are created as block rewards for elected Super Representatives. This serves as an incentive to the Super Representatives in maintaining the integrity of the Tron network. You can participate by staking your TRX and voting for your desired Super Representative. What can I do on Tron? At its core, Tron is a smart contract platform. Specifically, it is built to be Ethereum Virtual Machine (EVM) compatible, meaning it has a Turing complete virtual machine capability. Executing smart contracts on Tron is similar to Ethereum. On the other hand, whilst Ethereum operates on the gas fee transaction model, Tron operates on the Bandwidth model, which is similar to that of EOS. This is how transactions on Tron can be much cheaper and more seamless than Ethereum. Just as one can issue smart contract tokens such as ERC-20, ERC-1155 and others on Ethereum, it is also possible to issue smart contract tokens on the Tron too. There are currently 2 token standards possible on Tron, namely TRC10 and TRC20. Various TRC10 and TRC20 tokens have been issued on Tron with various use cases. Where can I use my TRX? There are numerous Decentralized Appliactions (Dapps) built on the Tron Blockchain, many of which require the use of the native Tronix (TRX) token. You can easily swap your TRX for TRC10 tokens which are used by many Dapps on the Tron Blockchain such as BitTorrent, 888Tron and others. How to store my TRX? The Tron Foundation has made it very easy for users to store and utilize TRX in their day-to-day online activities. The Foundation recommends TronLink and TronWallet as their official community developed wallet. You can also store and use your TRX in most other widely recognized wallet brands such as Trust Wallet, Ledger, Cobo Wallet and others. Where can I trade TRX? You can see the full list of exchanges trading TRX right here on this page. CoinGecko continually tracks the latest market movement of TRX and provides this data for you.
BINANCE:TRXUSDLong
by BADQOMOCAWGOWLD
1
$TRXUSDTTRON Coin Price & Market Data TRON price today is $0.060143544665 with a 24-hour trading volume of $579,481,858. TRX price is up 3.6% in the last 24 hours. It has a circulating supply of 100 Billion TRX coins and a total supply of 102 Billion. If you are looking to buy or sell TRON, HitBTC is currently the most active exchange. What is Tron? Tron is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The Tron blockchain is built around the usability of its native token, Tronix (TRX).
Long
by BADQOMOCAWGOWLD
Tron SHORT TO $0.03 - $0.02Tron is one of my favorite Altcoins, and I believe it's going through an A-B-C correction. This looks like a zig-zag correction so the zig-zag correction is a 5-3-5 wave correction and I believe it might do the following next: We are now in the 5 wave series of Wave(C) - it's at sub-wave(4). I believe SW(4) will be played in the Sub-wave 4 zone in the diagram 0.045 TO 0.065 and it's going to be a complex wave that's going to be for a few days if not weeks. The interesting fact about this zone is it's the confluence of 78.6% retracement of the BIG wave from 0 to 0.18 and also a 61.8% fib-extension of corrective wave A & B Now coming to it's at sub-wave(5) and to see where it ends. I believe SW(5) will end in the REVERSAL zone 0.025 TO 0.03. The interesting fact about this zone is it's the confluence of 88.6% retracement of the BIG wave from 0 to 0.18 and also a 78.6% fib-extension of corrective wave A & B Please provide your feedback, like and share is appreciated
Short
by JAN360
2
BITCOIN Potentially Headed Back to 40k by Feb (Elliott Wave)Bearish momentum divergences and price action on almost all timeframes is signaling a potential top here. My Elliott Wave count (which I have been following since June 2021) is indicating that the forecasted wave-B could be coming to a conclusion. This is based largely on the fact that the time of wave-B is related to wave-A by 161%, which is a common time for wave-B to end, and it has already made a new high above wave-A as well as a 2nd new high shortly after. It also gives us the perfect amount of time for wave-C to end in late February 2022. I've also noticed quite a bit of exuberance on crypto twitter, which is usually one of the first signs that the market is nearing a top. A lot of people are expecting Bitcoin to hit 100k by the end of the year, which is seeming less likely at this point unless we are able to break 69k resistance with quite a bit of force in the coming weeks. For now it seems like being hedged for most cryptos is a good idea, I will unhedge if BTC makes convincing new highs. This leaves us with very minimal risk of missing out on any massive uptrend, but also prevents any large loss of profits from a large correction in the market. After we hit 40k in February, we should see a massive move up which will take BTC well past 100k in 2022. In the mean time it may be a good idea to be on the look out for some unique gems that break the downtrend.
BITSTAMP:BTCUSDShort
by Intuit
4
BTC Could Go To 23kAt this point it is seeming like BTC and virtually all of crypto is going to break down here, along with global stock indexes, and we'll see a massive capitulation down to 23k by February. This will likely be followed by a massive move upward as people rush into crypto to hedge inflationary pressures from the FED and congress, who will be printing and passing massive stimulus to attempt to save the stock market. Inflation will likely remain very high for years while the stock market goes through a few years of stagnation (stagflation).
BITSTAMP:BTCUSDShort
by Intuit
4