Tron
TRON (TRX) - May 19hello?
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(TRXUSDT 1W Chart)
If the price holds above the downtrend line, it is expected to rise.
To do that, we need to see if we can find support by moving above 0.07192.
(1D chart)
The key is whether it can find support near 0.07070 and move above 0.07679.
Therefore, it is recommended to check the movement in the 0.07070-0.07679 section.
If it moves above 0.08223-0.08631 and finds support, I would expect it to surge.
(buy)
- After confirming the support at 0.07679
(Stop Loss)
- When it falls below 0.07451 and receives resistance
- When it falls below 0.07070
(Sell)
- When resistance near 0.08631
- When receiving resistance near 0.10176
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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TRX - Nice example how instrument looks before an impulseTron is interesting coin because it's been in a game for a while.
After collecting liquidity from both sides coin created a range for over 5 days. If you look at the volume, it's decreasing, but don't let it fool you. Coin is still interesting for big guys since the collected liquidity hasn't been realised yet.
I expect an impulse. It can be either up or down, but all preconditions say that down is more likely.
⭐️ BTC bearish
⭐️ Global market is bearish
⭐️ 3rd touch
⭐️ Accumulation for 5 days
⭐️ Bulls trapped
⭐️ Liquidity was collected recently
⭐️ Under VWAP
⭐️ 50 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
tron to zero ( read description carefully )👋Hi guys please read this text before buy this shit coin.
⚠️First I warning to you 2023 maybe be last year for crypto and btc because a lot of scam projects create day by day for scam people , scammers use crypto for unknown transfers and etc ... government decision ban crypto some people say they are creating a legal framework for crypto, and all professionals know that legalizing crypto is practically impossible and is just talk ...
⚠️But about Tron⚠️
Tron first was a supper stupid copy of eth blockchain that Justin sun even Among the codes, he forgot to delete the eth code comments He later manipulated the code a bit.
But how did Tron become famous?
Tron start with ponzi projects on Tron blockchain And poor countries were attracted to these projects they bought Tron and gift to scammers
Federal police suspected that Justin Sun was behind all these projects, and in those years they attacked Tron's address to inspect it
Anyway, whether Justin Sun was behind them or not, these projects decreased, but I still believe that Justin Sun was behind all those projects.
Thus, Tron became somewhat famous in poor countries!
👉But what is Justin Sun this big scammer method for keeping this stupid coin high?
He tries to prevent the BTC from falling just at the time when it is falling.
His previous news when the BTC crashed was to release tokens, encouraging users to stack their Trones to receive those tokens, and locked the Trones for a long time after the Trones were released. And users were selling fast, and prices were falling sharply.
After this method became obsolete, he announced that Tron had joined defi just when it was in the bull market, and this time he was able to raise Tron to close to 0.18, but users started selling again quickly.
In his latest move, he announced the release of usdd, which did not surprise me at all. He always copies other coins because he has no idea, his only idea is fraud.
But this time it may be Luna's fate. She does not know that nothing should be copied, and this time the life of this great scammer may end.
⚠️Tron to zero⚠️
TRON - Bullish no more👎TRX has been 'in a game' for over a week now and had power to move against the market. However, there may have come time to end it.
I expect this triangle to break down due to following reasons:
⭐️ BTC bearish
⭐️ Coin was moving against the market for over a week
⭐️ Stablecoins are getting weaker, everyone is panicking
⭐️ 4th touch
⭐️ No pullback after last touch
⭐️ Volume at top
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
TRXUSD - Approaching A BreakoutTRXUSD on the left can be seen to be sitting on top of the 200MA in a very bullish formation (daily timeframe)
Supporting this bullish theory is the MACD which is in its preferred state before bullish takeoff
TRXUSD on the right can be seen to be sitting above the middle Gaussian Channel band on a Weekly timeframe
A great entry just above the line
Tron is one of the strongest gainers❗️💎Since April this year the crypto market has been undergoing an extended downside correction. On the contrary, the Tron has been trading up since April.
💎Thus, TRX is one of the few coins which has been rising during the declining crypto market. The most important was the break above the 0.0719 resistance, followed by the bounce off the uptrend trendline.
💎Currently, the 0.719 supply zone, has become the support and the demand area. This is a very attractive buying point for long-term investors. However, we must consider, that TRX/USD remains within the triangle, which might result in further consolidation. Nonetheless, probability favors yet another strong upside swing, after which the long-term uptrend should continue.
💎If and when TRX ...
TS ❕ TRXUSD: expect a downtrendTRX has broken through the ascending channel and now we can expect a downtrend. Now the price is heading to the retest of the channel penetration level, after which a drop can be expected.
SELL scenario: short to 0.073.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TRXUSD ❕ bullish flagTron is moving in an uptrend channel.
Trading volumes on the downtrend are declining.
The 50MA has crossed upward of the 100MA on the 30m Timeframe.
The price is now forming a bullish flag trend continuation pattern.
I expect that after fixing above the trend line the price will reach the resistance level.
TS ❕ TRXUSD: ascending channelTRX is moving in an ascending channel. Now the price has almost reached the lower limit of the channel. I expect an upward rebound.
BUY scenario: long to 0.089.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TRON (TRX) - May 9hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(TRXUSDT 1W Chart)
Resistance: 0.11228-0.12526
Support: 0.04736-0.06034
(1D chart)
(buy)
- After confirming the support at 0.08631
(Stop Loss)
- When the resistance falls below 0.08223
(Sell)
- When receiving resistance near 0.10176
- When receiving resistance in the range 0.11228-0.12526
If the price holds above 0.08223, it is expected to surge.
This is the same as saying that a fall below 0.08223 is likely to lead to further declines.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Confidence growth of the Tron in a falling marketTwo weeks ago, we were doing a global idea for a couple of TRXUSDT
During this time, the condition was met that buyers did not allow the Tron price to fall below $0.06, which showed their strength.
But even greater enthusiasm has been shown in recent days, when the whole crypto market is falling and the price of TRXUSD is rising.
A positive signal can be considered the fact that growth is booming at higher volumes, interest in the coin is impressive.
The critical level near which will be the struggle between buyers and sellers is in area $1.
Fixing the price of TRXUSDT above the black trend line will pave the way for growth on the white route.
We also traditionally offer you a medium-term trade:
Entry: $0,085
Stop: $0,798
TP-1: $0,112
TP-2: $0,134
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TRON | Will it make further gains? The TRON (TRX) price weakened after it moved up to its year high in April but since late July it has being showing an uptick to be valued at $.013 giving it a market capitalisation of $10.42bn by 26 October. The cryptocurrency recently surpassed 58 million accounts and has announced new development projects.
Data from Tronscan shows that the total number of TRON accounts has surpassed 58 million, with more than 2 million transactions processed daily.
On 26 October, there were 71.66 billion TRX coins in circulation, of a total supply of more than 100.85 billion. The company has a market capitalisation of $7.4bn, according to data from CoinMarketCap, ranking it the 30th largest cryptocurrency by total value.
As of 20 August, there were more than 10 million accounts holding BTT – 20% of the total accounts on the TRON network.
On 18 August, data from the CryptoRank blockchain data platform showed that the total TRON coin value locked on the TRON public blockchain broke $10.1bn, ranking it third behind the Ethereum and Binance Smart Chain (BSC) blockchains.
TRON uses three-layer architecture – a storage layer, core layer and application layer. There are several modules in the TRON core layer, including smart contracts, account management and consensus, according to the company’s white paper, which offers TRON potential for growth. TRON runs on a Delegated Proof-of-Stake (DPoS) consensus in which there are 27 super representatives (SRs) that produce blocks on the chain. Every six hours, TRX account holders can freeze their accounts and vote for SRs. The protocol generates a new block every three seconds, and each block awards 32 TRX to SRs. This process allows for faster throughput than some other blockchains.
Developers can create distributed applications (dApps) and customised wallets on the blockchain. Smart contracts enable TRON to develop non-fungible tokens (NFTs). The developers announced on 23 August that TRON has made a strategic investment of an undisclosed amount in the DeFine social NFT platform. The funding will be used to develop “the first NFT marketplace in the TRON ecosystem and launch auctions soon”.
TRON also announced that the network’s BTFS file storage system will integrate with DeFine in September. And TRON plans to expand its NFT ecosystem with APENFT.
The TRX price reached an all-time high of $0.3004 on 5 January 2018 during a strong rally in cryptocurrency prices. The markets subsequently collapsed, with TRX ending the year around $0.01. The TRON trend bottomed at $0.0088 on 12 March 2020, turning higher to reach $0.02 by the end of the year, and then bursting up to a peak of $0.1799 on 17 April as cryptocurrency markets rallied. They fell sharply over the next week before peaking again in May at $.015.
The price dropped to a low of $0.0468 on 22 June, rose to $0.0698 on 29 June and then slipped back to $0.04917 on 20 July before the recent rally. TRX reached $0.0951 on 15 August, its highest price since 19 May. There was then a longer rally saw them peak in September at $0.12. Another trough and small recovery has seen the price reach $0.1 by 26 October.
The moving average convergence divergence (MACD) and momentum indicators were neutral, while the relative strength index (RSI) was 59.03, indicating that TRON was a neutral. An RSI number above 70 indicates an asset is overbought, while a number below 30 indicates it is oversold. We can predict that the TRON price will drop by more than 9% to $0.093 by 25 November.
We also Believe TRX/USD forecast is bullish, projecting the price will rise from $0.1039 at the 2nd week of November to $0.163 in a year's time. It then estimates the price will more than double to $0.418 by the end of 2023.
TRON price prediction also anticipates that the price will rise, but at a slower rate. The price will average $0.161 in 2021, rising to $0.18 in 2022 and $0.293 in 2023. For the longer term, it projects the price will average $0.453 in 2024.
It is possible for TRON to end 2021 at $0.16, rising to $0.24 at the end of 2022, but then growth will slow from 2023 to 2024 to reach $0.37.
If you are looking to invest in the coin for a long-term,
- Our option for #TRON is BUY AND HOLD IT.
It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
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| Review and analysis by Samadi.Finance |