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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.
Short
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.
Short
by TopgOptions
2
XRP/USDT Bullish Mode Activated ?XRP/USDT Technical Analysis: Potential Retracement Offers Buying Opportunity for Long-Term Growth In the last few days, XRP has seen a 10% decrease in price from the previous update. We hope you have safely booked your profits. However, we expect to see further retracement in the near future, offering an ideal opportunity for buying in at a lower price point. Our analysis suggests that the best entry point would be around $0.45-$0.40, as it has previously bounced off the 0.618 Fib level. We believe that XRP is likely to reach new all-time highs in the next bull market, making it a favorable long-term investment. It's worth noting that even though we predict a target of $5 during the next bull run, we don't suggest waiting until then to sell. Instead, it's prudent to hold a small position until $5 and book profits at each target point, which are expected to be $0.57, $0.87, $1.41, and $1.95. It is essential to remember that this is not financial advice, and we urge investors to conduct their own research before investing in any coins. However, our technical analysis suggests that XRP presents a compelling investment opportunity, with a potential for long-term growth. Overall, we recommend that investors learn and earn from this opportunity, as XRP has a lot of potential in the future.
Long
by CryptoPatel
TRXUSDT - Optimal option for position with PWH. LFT Confirm ⏺Short Entry Zone: 0.06719 TP1: 0.06375 TP2: 0.06195 TP3: 0.06020 _______________ ⏺Trend-Line: 0.06850 ⏺STOP LOSS: 0.06878 🫥After reaching the first target you can put the rest of the position to breakeven ❄️The optimal option for opening a position with PWH near the accumulation of liquidity. I am waiting for a consolidation in this range, so that I can get the SWIP collection of liquidity. Also, the best confirmation for this position at its opening will be the breaking of the structure on the LFT
Short
by JaegerB
1
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
Short
by BuySellMarketMaker
TRON TRX price is under serious threat. Be careful!At first glance, the price of TRXUSDT has finally broken out of the 2-year consolidation and even managed to test the consolidation from above. With any other cryptocurrency, after such a pattern, one could say with great confidence that it is safe to buy it, as the price is likely to continue to rise. But not in the case of TRX, because yesterday the SEC filed a lawsuit against Justin Sun, the founder of TRON, accusing him of market manipulation, selling unregistered securities, and fraud. The only question we have is: what took so long? After all, these sins of San's have been going on since at least 2017, when it was "pump season". So if you want to buy TRX now, you better think twice about whether you need it. If you still want to buy TRX, then remember what happened to the price of Luna and FTT. Who knows what will come to light during the trial and investigations? Well, Justin Sun can only guess) And if he did know something and he is smart, he could easily sell off his TRX for 2 years while the price was in consolidation. There are many questions and few answers, but soon there will be more. We have shared our thoughts, and the decision is, as always, up to you. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45
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.
Short
by TopgOptions
3
✳️ TRON vs BTC Changes Pattern | Potentially A Bullish SignalThis pair has been moving inverse to Bitcoin but now it seems to be moving together with Bitcoin... This is a big change. When the dynamic of some pairs changes, this can signal that the overall market dynamic is changing as well or is about to change. ✔️ TRXBTC while in the bearish cycle moved inverse to Bitcoin. ✔️ TRXBTC now changing to become correlated with Bitcoin. Can this tells us that Bitcoin is now entering a bullish phase? Possibly. We will have to wait and see but since the 1st of February, something changed. The signal has been noted. Namaste.
Long
by AlanSantana
$TRX/#BTC [#TRON]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $TRX / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0000031 | 0.00000331 | 0.00000369, and the major support zones can be found at 0.00000272 | 0.00000255 | 0.00000217. Consider entering at the current price zone of 0.00000297 and targeting higher levels. ◰◲ General info : ▣ Name: TRON ▣ Rank: 17 ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: TRON is a multi-purpose smart contract platform that enables the creation and deployment of decentralized applications (dApps). It features a delegated Proof-of-Stake (DPoS) consensus mechanism, a system that offers an increase in performance while maintaining true decentralization and censorship resistance. TRON is arguably most famous for its low cost ability to make transactions in comparison to other layer-1 solutions such as Ethereum, though still lags behind in developer adoption to be considered a serious rival yet. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000297 ₿ ▣ 24HVol: 43.464 ₿ ▣ 24H Chng: 0.338% ▣ 7-Days Chng: -1.60% ▣ 1-Month Chng: 8.81% ▣ 3-Months Chng: 30.80% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0000031 | 0.00000331 | 0.00000369 ◢ Support: 0.00000272 | 0.00000255 | 0.00000217 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.48 ▣ Last 90D: 2.59 ▣ Last 1-Y: 0.49 ▣ Last 3-Y: 1.00 ◲◰ Volatility : ▣ Last 30D: 0.51 ▣ Last 90D: 0.43 ▣ Last 1-Y: 0.67 ▣ Last 3-Y: 1.01 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.57 - Bullish ▣ Twitter sentiment score is 0.49 - Bearish ▣ Reddit sentiment score is 0.64 - Bullish ▣ In-depth TRXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
TRX/BTC Main Trend. Linear 1 week. Rhombus 250% The main trend. Breakout. Linear chart 1 week, to show the trend more clearly without market noise. Rhombus (diamond) 250%. Breakdown of the price and fixation above the resistance of the main trend (downtrend channel), as well as the aggregate of the diamond resistance edge. Remember, 5 05 2022 starts USDD possible prepared "stream of positive news" to accompany this reversal of the trend. This is what the main trend (long-term) looks like on the candlestick chart on the same 1 week timeframe Secondary trend. Rhombus zone (reversal pattern) on 3 day timeframe Local trend. This trading situation breakdown and exit from the local accumulation channel.
by SpartaBTC
17