TRX LongTron has been in a long bullish phase for about a week. It just broke the trend line and the confirmation candle lets us know it is time to long.
Please do not make a decision based on this analysis, do your own DD
Tron
Tron's Swan Song: The Ballad of Justin SunHUOBI:TRXUSDT - 1D
Disclaimer : This post will be laden with brutal fundamental analysis as it relates to the burgeoning DeFi segment.
Tron. It's had a scammy reputation in the crypto sector for a while. Maxis hate every alt, ETHeads despise Tron for copying their whitepaper and protocol components. Fan & moonbois of other platforms use Tron as a bottom tier goal post in measuring their own performance. CryptoTwitter rags on Justin Sun for his fake followers and penchant for announcing announcements about an announcement. Yet, through it all, Tron is currently the best platform for DeFi exposure. Yes...I didn't mis-speak. Tron is currently the best platform for DeFi exposure.
I'm not saying Tron has the most volume, or the best tokens. ETH blows everything out of the water but it comes at a hefty price in the form of gas. If, as a segment, we're screaming "DeFi DeFi DeFi" then what's the response to "why does it cost me $380 to buy $30 worth of tokens?" You can't invite the world in to rape them with tx fees and ETH 2.0 is so far away you can't offer that as a solution with a straight face; nor does it solve the issue at hand.
Peruse DAPPradar and look at users on non-ETH platforms. Tron and BSC are the only chains with users and volume. BSC is cobbled together using custom metamask networks and broken BSC wallet links, so it doesn't have the usability that is needed for new entrants. The founders are also a mish-mash of globally organized, yet disconnected, entities that restrict certain activity on national IP levels. Additionally, it costs something like 1200 BNB to create a smart contract on BSC, which at present is ~$85,000.
It doesn't cost large sums of money to transact on the Tron network. You can stake tokens for smart contract energy and pay zero fees at all. You can create a token for 1024 Tron. You get free bandwidth to send tokens daily. Is the Tron platform a less than ideal decentralized system? Yes. Is the Tron network full of scams and potentially dangerous investments? Yes. Does Tron do anything other than copy Ethereum? No. None of that matters as right now, it offers the best overall environment to transact in DeFi. It has the lowest fees, best user experience, a plethora of DeFi abilities, and is lead by one of the most recognizable faces in crypto on the planet - who happens to be a major influencer in the Chinese market. Tron's market share is going to grow substantially while superior alternatives like Cardano, Cosmos, and Polkadot build out. Tron has a 6-10 month window to capture large portions of ETH's audience as well as new entrants, and that's exactly where this chart is leading us.
April 9, 2018 Tron was trading at $.033. May 1, 2018 Tron was trading at $.10. In three weeks it 3x'd. This chart is built off that rise and fall, and it is worth mentioning that a three week rise to $.10 is entirely possible - and even more likely as Ether gatekeeps new entrants to DeFi. Tron is currently printing a 19 month long inverse head and shoulders pattern, with the neckline right at 4c. The neckline has been pierced twice already by towering wicks that defied the upper BBand. These wicks were promptly rejected and that's what's brought us to this current, stabilized rally. I'm looking for a strong upward movement within the upper BBand & EMA7 as TRX approaches the neckline. I'll enter in around $.0415 with a target $.065.
The pink lines represent minor resistance while the orange lines present larger challenges. I wouldn't be surprised to see Tron trade within the orange lines for the largest period of time in its rise back to 10c. I'll re-enter upon confirmation of $.077 and smooth sail to $.091. Depending upon volume and momentum, I'll either bail there after or ride to 10c. Keep in mind Tron's previous ATH was $.25 and that was spurred by a large influx of Redditors and Sun just bought the top of GME and AMC to advertise to Redditors again.
The mashup of fundamental and technical analysis in this post is to provide a better view of what factors will drive this price up. Tron is going to shoot up as people offboard ETH and new crypto entrants onboard DeFi. That action, as well as general market movements, will have Tron super-bullish in the Year of the Ox. And I say all of this as someone who has typically been critical of Tron whilst supportive of its competitors.
This is not investment advice and trading cryptocurrency is high risk.
trxusd long positionA perfect, low-risk investment position- TRXUSD
According to the above analysis, TRON has started a strong long-term move in five waves (it can change to the double zigzag too).
We expect that with the end of Wave 2, the big pump in the form of Wave 3 will start soon. The following targets are available for TRXUSD:
tp1= 0.08 - 0.1 $
tp2= 0.18 - 0.22 $
do not forget about SL
if any changes, i'll update the chart.
good luck
Crypto Tron TRXUSDTView on Crypto Tron TRXUSDT (3 Feb 2021)
Tron is the most useable ultility token in the crypto space ETH.
It is fast and it is secure.
The future of it shall be bright too.
It should go back up 0.04 region and 0.0455 shall be the next too.
Let's see.
DYODD, all the best and read the disclaimer too.
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Only a prediction (Attention!! I am not trading advisor) Tron may be pumping because
on telegram chanel of WallStreetBets
in here, information is shared, At 13 Feb. GMT 17:00, WallStreetBets will make pumping...
I think, this coin tron may be ...
I wonder your idea for this topic.. Please share with me
TRXUSDT (TRON) - WEEKLY ANALYSIS ANALYSIS 🔎
- TRXUSDT is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish one to be precise.
- TRON could be on the verge of an uptrend.
BUY ENTRY ⬆️
- Aggressive (risky): current market price (now).
- Conservative: breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance level R1.
- Horizontal resistance level R2.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level (S1).
Trxusdt short-term analysisHi my friends
Trxusdt short-term analysis
If you like it, don't forget to like and follow. Thankful
TRON - ROCKET READY?Let me know your thoughts!
TRON was one of the best-performing coins of 2017 and has since dropped a considerable amount since then -
Currently, TRX has broken out of a pennant it has been in since the newly found all-time high - while finding support on the new up trend line although briefly breaking below yesterday.
If TRX can break above a strong resistance zone between $0.033 and $0.040 we could potentially see quite a large increase.
short term target
$0.055
long term target
$0.10
stop-loss
$0.027
''Buy Big Sell BIGGER'' - MegaWhale
Tron is gonna start a new rally! It seems tron has break an important resistance that before couldn't. If this candle remains tall enough tron will start a new rally from here
Ready to exit the triangleAccording to the scenario, with the support of MA 50, we are expected to have a successful exit from the triangle this time and the high targets will be touched again.
$TRXUSD - Dump it if no money injection in TronHello everyone!
DOGE pump was a good freaking excuse for project owners to pump their token and make extra $$$ dumping it liquidating so many longs.
Tron is the No.1 project whose owners always did that, alongside with some others like XRP and XTZ - lesser in recent months.
I kindly ask you to trade it with caution, as Doge pumps again, TRXUSD may go up but always monitor the price action and always lift your stop loss levels, to close in profit or at least with 0.
On the other hand, this token deserves to get dumped down to $0.2850.
Aforesaid is only my opinion based on my knowledge and experience.
Sorry Tron lovers!
TRXUSDT - Get Ready for the Blast!
Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
TRXUSDT cup and handle pattern in weekly chart
Cup and handle pattern shows potential bull run for trx coin
Chart Pattern Inconsistencies TRXWithin TRX we can see a bearish rising wedge with an angle of 8 degrees within a falling wedge
also we can see a bullish rising wedge with a less sharp angle
Is this second rising wedge acting as a flag pole for the apparent flag that has formed above the falling wedge?
We will see.
Apart from this, talking about Tron, I see some potential as I was once a hodler, so I must of seen something pure about the coin in my past. Potential Ethereum competitor imo.
TRON $TRX ROAD MAP FOR Q1 & Q2 2021 / $15-20 TARGETHello investors and traders!
We have similar formation on many alts right now.. Some already finished wave Z, some are finishing X ; Y.. XRP for example finished WXYXZ and landed back below wave X..
Tron is just starting it's run and now we are going towards $0.18 shortly.
Based on fractals and knowledge on how these cycle works we are looking at $15-20 per tron in 2021..
Much clearer view will be possible once we complete WXYX to know where Z might land.
Although I have bad news for hodlers.. Once we are done with wave Z.. We are going down 95-98% back to $0.02-0.03 :)
I hope tradingview will hold this chart for long enough for us to go back and check this idea.. Cryptos are all about pump and dump.. In order for people to make money they have to sell it onto somebody and drag them slowly down until people take loss or smallest profit possible.. We have to go with the market.
I give all glory to God for this knowledge and wisdom to see and identify patterns and cycles!
Tron (TRX) - February 1Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We have to see if we can get support at the downtrend line (2) or at 0.03070.
If the 0.03070-0.032 section is supported by the volume profile section and rises, an additional rise is expected.
If you go down at 0.02963, you need a short stop loss.
If you fall from the uptrend line (1), you need Stop Loss to preserve your profit or loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
TRXUSD Possible bullish analysisTRXUSD is in our battle zone right now, i believe in a little smaller movement before we go to higher levels.
TRXUSD D1: TP HIT +45% gains in 10 days (REPLAY/RECAP)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
TRXUSD D1: TP HIT +45% gains in 10 days (REPLAY/RECAP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
congrats if you followed. TP hit. +45% gains
in just 10 days. click play to recap original setup
🔸 Summary and potential trade setup
::: TRXUSD 2D chart review and outlook
::: XABCD setup / speculative
::: setup still valid as of right now
::: get ready to BUY LOW
::: expecting point C to complete soon
::: strategy: BUY at point C / TP +40% gains
::: overall nice setup, let's see what we get
::: short-term expecting mild weakness / pullback
::: so recommend to BUY/LOW near point C later
::: get ready to buy low from my level
::: and you will get paid
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/pullback
TRX/USDT Potential ending of Triangle Correction->WAVE2I think we're closing in to the end of this long triangle correction (ABCDE), currently seeking the C of the E of the wave 2 of the larger degree count, which would technically take us to the start of the wave 3 of the larger degree. Please guys let me know what you think about this count in the comments below and hit that like button!!
