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TRXEUR

Is TRON leading the market? When will market crash?Tron has shown extreme relative strength in down market Tron held up relatively very well. It fell less than ever bitcoin this bear market. That is a strong indication of relative demand. Important to keep in mind that not only was it relatively strong from a technical standpoint, fundamentally its users/fees was extremely relatively high. It looks like one of the biggest value plays in crypto and its moving as such. Keep an eye on USDT for when market crashes If USDT starts to drop then we can see cash being pulled out of the system rather than just cycling thru to either BTC or ETH (or TRX?) or TOTAL3. The rotation of capital is a nice cycle but it does always lead to eventually a net redemption of stablecoins as capital rotates out entirely to book profits and look to other markets (bonds/commodities/equities). Keep an eye on USDT for this moment!
by SoftQuant
2
TRX triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Tron broke up this triangle📐 and now backtested it's upper edge. I think there is chance for run to 0.06905 and even lower. Buying here makes sense to me. ENTRY : @ 0.06270 STOPLOSS (SL) : local high @ 0.06093 TARGET (TP) : height of the triangle projected from midpoint of the local range @ 0.06905 REWARD RISK RATIO (RRR) : 3.3 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
TRX inverted H&SIn the beginning of this year Tron broke up the major downtrendline☝️. Then after this👇 sucessful call... ... TRX formed Inverted Head and Shoulders 🤷 on the daily timeframe and triggered the pattern by breaking the neckline up (zoom in to see the details). Price then fell back down below the neckline and recently broke up once again. I think there is chance for run to 0.08555 and even higher. The yellow uptrendlines could act as a guide. INVALIDATION (SL) : Right Shoulder @ 0.05879 TARGET (TP) : Inverted H&S target projection @ 0.08555 Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
3
TRX - Tron is Ready to Breakout of a 2 Year Bullish Pennant!You will be hard-pressed to find a more bullish USD alt chart out there. Tron has a beautiful bullish continuation structure here on the daily that has been forming since the COVID crash in March of 2020. This massive pennant the price action has bouncing within is almost 2 years in the making. I think the breakout here could be huge. The price action is currently repeating the same exit pattern it had back in 2021. If Tron breaks out, buckle your seat belts and HODL on tight! I'm long here.
Long
by jpbrown1023
2
TRON - Closing in on Completing a Massive Bullish Pennant Keep your eyes on Tron. TRONUSDT is closing in on the end of a massive pennant on its daily chart as is its TRXBTC trading pair. The daily MACD is bullish, breaking above the zero line. I think the only thing that ruins this party is if the DXY continues its upward trend and pushes BTC and the crypto market lower. My eyes will be on the DXY for a breakdown or TRXBTC for a bullish breakout. I think this is a good, low-risk entry spot to go long as we bounce off support. If the DXY spikes and we stop out, we can wait for cheaper TRX. But if we continue upward, we'll have an excellent long into a potentially huge upside breakout.
Long
by jpbrown1023
🔝 TRXUSDT 💥 Do not follow this trade manuallyTRON was founded by Justin Sun in 2017. The TRON Foundation was established in July 2017 in Singapore. The TRON Foundation raised $70 million in 2017 through an initial coin offering shortly before China outlawed the digital tokens. The testnet, Blockchain Explorer, and Web Wallet were all launched by March 2018. TRON Mainnet launched shortly afterward in May 2018, marking the Odyssey 2.0 release as a technical milestone for TRON. In June 2018, TRON switched its protocol from an ERC-20 token on top of Ethereum to an independent peer-to-peer network. On 25 July 2018, the TRON Foundation announced it had finished the acquisition of BitTorrent, a peer-to-peer file sharing service. With this, TRON declared its independence with the creation of the Genesis block, along with July 2018 acquisition of BitTorrent. Upon this acquisition, in August 2018, BitTorrent Founder Bram Cohen also disclosed that he was leaving the company to found Chia, an alternative to bitcoin created to be a less energy-intensive cryptocurrency. By January 2019, TRON had a total market cap of about $1.6 billion. Despite this market performance, some authors viewed TRON as a typical case of the complex and disordered nature of cryptocurrencies. In February 2019, after being acquired by Tron Foundation, BitTorrent started its own token sale based on the TRON network.
Long
by MiguelFTCurado
5
TRON Breaking Out Off Strong Support - Good Potential LongI really like the potential of this long entry as TRON breaks out off of strong support. Reason being is that even if the price reverses after the breakout, good support is there. TRXUSDT has one of the stronger USDT charts out there following BTC's collapse. It could indicate that the bulls are ready to push the price higher. The only caveat that could foil this plan is if BTC continues to sell off so have your SL ready below support just in case.
Long
by jpbrown1023
TRON at a 13% Discount - Potential Entries Before Next Leg UpA quick post that I thought was worth mentioning. Tron reset the RSI correcting ~13% since last night. When I saw that it was sitting on a confluence of support level from several different trends, I couldn't control myself and bought some more TRX at this 222 sat level. Bitcoin just had a little shakeout to $46750, but maintained it's bull flag. If it can show some strength and have a solid breakout beyond $48,000, I think we can expect a bullish continuation from TRX. The price could really fly if it breaks out against BTC.
Long
by jpbrown1023
TRX Worth a lookHello =) This is only a possible scenario. Last divergence generated a nice swing high. good possible gains. We then moved lower along with the BTC drop and plenty of other coins. What is interesting though, is that, on one hand we have a situation on a long term Time Frame that is not looking very good now; on the other hand we have multiple Divergences ( possible kick-off (a)? ), a dynamic support that is holding the lower lows, Moving Averages getting tighter. ETH and LTC are showing a similar condition, BTC is showing a POTENTIAL shorter term inversion formation. (correction) If price is currently attracted to a lower price for different matters, but we first take an upwards correction as this analysis suggests, This is one possible scenario I am working on. I'm just a trading student, I've been studying and trading for 2 years now, -ABC- denominations from EW are purely indicative of the possible directions, I'm not a good EW analyst.
BITFINEX:TRXUSDLong
by MauriceEverthin
TRX Worth a look (bear trend still in troubles?)Hello =) This is only a possible scenario. Last divergence generated a nice swing high. good possible gains. We then moved lower along with the BTC drop and plenty of other coins. What is interesting though, is that, on one hand we have a situation on a long term Time Frame that is not looking very good now; on the other hand we have multiple Divergences ( possible kick-off (a)? ), a dynamic support that is holding the lower lows, Moving Averages getting tighter. ETH and LTC are showing a similar condition, BTC is showing a POTENTIAL shorter term inversion formation. (correction) If price is currently attracted to a lower price for different matters, but we first take an upwards correction as this analysis suggests, This is one possible scenario I am working on. I'm just a trading student, I've been studying and trading for 2 years now, -ABC- denominations from EW are purely indicative of the possible directions, I'm not a good EW analyst.
BITFINEX:TRXUSDLong
by MauriceEverthin
2