TRXUSD ❕ double bottomTRX and RSI chart has formed a convergence on the 1H Timeframe.
Price has broken upwards through 50EMA (30m TF)
I expect a bounce after the resistance breakout.
Tron
Need to check if it can be supported around 0.07679-0.07760Hello?
Traders, welcome.
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(TRXUSDT chart)
The key is whether it can get support around 0.07679-0.07760 and rise above 0.08051.
If not, and it goes down,
1st: 0.07288-0.07192
2nd: 0.06427-0.07025
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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TRX FOR BUYENTRY : 0.07668
SL : 0.07618
TP1 : 0.07732
TP2 : 0.07821
Do not forget to observe capital management
TRXUSD ❕ buyers have strengthenedRSI is moving above neutral values.
Price has fixed above 50EMA at 4H TF.
50EMA has broken above 200EMA on 30m TF.
I believe the asset will continue to rise if it holds support.
Tron [TRX] to rebound from this ascending trendline support?Price action faced rejection at the bearish order block (OB) on H12, which aligns with the June high. Price edged lower towards a key ascending trendline support and could for new buying opportunities if the support holds.
Entry - $0.07899
Target - $0.08259
Exit - $0.07800
RR - 3.46
TRX ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TRX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TRXUSD ❕ upper boundary of the channelThe RSI on the 4H TF indicates that the buyers have weakened.
Trading volumes are down.
I think TRX will start falling if it stays in the channel.
TRX/USDT ::: Finally , the fall !!!TRX/USDT ::
The price has not yet touched the bottom of the grand channel, however, it will have a corrective movement towards the middle line .
If it rises above 0.07728, a sharp rise is expectedHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(TRXUSDT chart)
Looking at the 1M and 1W charts, it is expected to continue its upward trend as it has risen above the respective HA-High indicators.
(1D chart)
However, since it is located below the HA-High indicator on the 1D chart, the important question is whether it can be supported by rising above 0.07728.
If support is confirmed by rising above the HA-High indicator on the 1D chart, it is expected to rise to around 0.09029.
If it rises above the HA-High indicator, it is likely to break the previous high.
However, since the volatility is highly likely to form, careful trading is required.
The HA-Low indicator on the 1D chart is formed at the 0.07288 point.
So, we need to see if we can get support and rise around 0.07192-0.07288.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
TRX founder Justin Sun 17 days to respond to US District Court If you haven`t sold TRX here:
Justin Sun, the CEO and founder of Tron, has been served a summons by the U.S. District Court and is required to respond within 17 days to the United States Securities and Exchange Commission's (U.S. SEC) lawsuit against him for alleged fraudulent crypto trading activity.
The Southern District of New York has given Sun a deadline to reply to the complaint, and the SEC has sent the summons to both his residential and office addresses. Failure to respond may result in a judgement against Sun in favor of the plaintiff.
I expect a major selloff before the expiration date.
looking forward to read your opinion about it.
TRX NEW UPDATE (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SEL/SHORT the TRX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TRXUSD ❕ decline50EMA has broken down 200EMA on the 4H Timeframe.
The RSI chart is moving in bearish zone at 4H, 1H and 30m TFs.
Price has consolidated under 50EMA on the 1H Timeframe.
I believe the asset will continue to decline.
TRX 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.
Tron back to ATH or Down to Next Support LevelTron flipped old weekly resistance to support and then broke up and out of a wedge. It is now re-testing the wedge.
- Successful re-test / remain above the wedge, and it will revisit just above its ATH candle close, but below its ATH wick, near the top of resistance around ~24.4 cents.
- Failed re-test may lead to wedge loss and loss of support, with a move down to the next level of support in the 1-2 cent area or ~1.2 cents
TRX📊 #TRXUSDT
⏱ TIME: 1D
📝Divergence on RSI in a 4h or daily time frame as well as candlestick patterns or classic patterns can potentially lead the price downward
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
Crypto #TRXUSD Buy TF H1. TP = 0.07589On the hour chart the trend started on June 1 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.07589
But do not forget about SL = 0.07398
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
trxusdt are you rdy ?🧨😉Hello, today's analysis is the analysis of the TRX currency. For the TRX trend, we see an upward trend. In this upward trend, it will see and must see 2 targets. We have specified the targets 0.09128 and 0.12765 for you. that you can take a good profit from this upward trend. be successful and victorious.
TRXUSD ❕ flag formationTRX forms a flag, testing the support level.
The RSI chart is moving in the Buy zone on the 4H Timeframe.
I believe the asset will continue to rise if it holds support.
Tron Adam & Eve ProjectionTRX is on its way to print an Adam & Eve pattern. It's definitely set to test the local ATH and as a result print a cup & handle pattern too.
This is NOT FINANCIAL ADVICE
TRX PATTERNhi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the TRX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TRXUSD - Breaking OutTRXUSD has climbed over a major trend line in red and is looking for more.
The curved structure is the pattern price is seemingly following.
The dashed horizontal line is the nearest resistance for price.
TRX short testing Alpha PhantomLast test of my first phantom indicator, be patient, hopefully it will work well and by itself, it's on 1h timeframe, so I'll be surprised, I'm not dealing with SL for now, I'll do it with pyramiding and moderate leverage with a low deposit.
LONG TRX/USDTLONG TRX/USDT
Risky trade for level breakdown, you can find an entry point on a rollback on small timeframes
