Trxusdt
TRX/USD - Tron pumping to 7 cents! 🚀Tron is on a clear path to 7 cents. The chart is bullish and so are the indicators.
If it breaks the 7 cents resistance and moves above 8 cents, then TRX could leave this massive descending triangle visible on the weekly timeframe.
Both the MACD and RSI are making higher highs, so this is good and continuation is likely unless BTC pulls the market lower.
To me, the price will continue up until it faces the resistance level.
Volume is not great on this last pump, but there are reasons to be optimistic right now.
Longs have a better r/r right now and my bias is bullish.
Like and follow if you liked my idea!
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Hello Traders 👋
Let's break down the TRON chart
On the chart, it showed a trend line that served as a local support; after the breakdown, it is now a resistance zone.
The price tested the local resistance zone but failed to break through and consolidate above the local zone. I expect more drops.
TRON (TRX) - June 24hello?
Traders, welcome.
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(TRXUSDT 1W Chart)
Resistance: around 0.08631
Support: 0.04736-0.06034
Below 0.04736 is likely a mid- to long-term investment area, so careful trading is required.
(1D chart)
Primary resistance: 0.07451-0.07679
Secondary resistance: 0.08223-0.08631
1st support: around 0.06034
2nd support: around 0.04736
There are many support and resistance zones set across the 0.06034-0.08631 zone.
Therefore, you need to make sure that there is a sidewalk to get out of this section.
Therefore, the key is whether you can break out of the downtrend line and move along the uptrend line.
The next volatility period is around July 20th.
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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 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.)
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TRXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for TRXUSDT
In the current chat, we have R2 as a resistance line and shows the unsuccessful attempts of the price in order to rise. R1 used to be a support line and it includes the support of the price at several points. And S1 is our support line which is showing the support of the price at some points. Now the price is fluctuating below R1 and we believe it will have a pull back to this line and then will fall to S1. So we consider a short position for our chart and we expect a good profit in the near future. If the price moves over R1 and fixes there, then we will wait for more rise in it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Trading opportunity for TRXUSDT - TronBased on technical factors there is a long position in :
📊 TRXUSDT Tron
🔵 Long Now 0.06143
🧯 Stop loss 0.05180
🏹 Target 1 0.06666
🏹 Target 2 0.07250
🏹 Target 3 0.07878
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
TRON Could Have a Terra Luna CollapseTron's stablecoin USDD has lost its peg and despite the $5bil of reserve cash used to prop it back up, it continues to fall further and further from $1. Tron mimicked the Terra Luna UST model and implemented their own stablecoin just days before the UST Luna collapse. If Tron is unable to re-establish the 1:1 peg, it's fate might be the same as Luna's. This is my favorite short.
Tron Hits New All-Time Low, Over 170% Growth Now Possible!Just yesterday Tron (TRXUSDT) hit a new All-Time Low.
This low hit basically at the same level as back in June 2021.
June 2021's low was set at 0.04651 and was followed by a 160% bullish wave.
June 2022's low was set at 0.04604 and we are likely to see a strong bullish wave follow.
Remember our famous saying...
Once we reach bottom, the only place left to go is up.
Tron just hit rock bottom...
It is time to WAKE UP & GROW!
Namaste.
WARNING: TRON IS (probably) GOING TO ZERO! USDD is following LUNA spiral-death.
If it continues to crash, it will be crashing to ZERO.
I will set sell entry from here based in the same behavior.
SL: 0.10
Targets: 0.01, 0.001, 0.0001, 0.00001, 0.000001
Remember: invest what you can lose.
DO YOUR OWN RESEARCH.
📊Are TRX and USDD next SCAM coins? $3B to save the peg!Should you have to short the TRON with x20 leverage? In this idea i explain you all pros and cons for traders in the current situation.
📊USDD is the alghoritmical stablecoin that start to lost it`s peg with USD. This is very similar to the case of UST that lost it`s peg a month ago. Of course you remember the Luna and Luna 2.0 that lost almost all capitalization because of UST peg.
🔶Will it happen to TRX? Now CEO of the Tron (TRX) announce additional money flow to protect the USDD(Tron stablecoin) to dave it`s peg to USD (1:1). There is about $3 billion in reserves right now to save Stablecoin and Tron project but peg is continuing to fall.
🔶Should i sell or buy TRX? Friends, check this idea that was published at May 9. When TRX pumped i tell that is not the best time to buy it. After the second liquidity collection of the value area it fell for -46%(!).
At the current situation the value area of $0.3-0.33 could become the huge support for the price and revesal point.
The value area of $0,59-0,66 is the resistance for the price. And if the TRX return to this area it will be hard to break it.
As you can see at the volume indicator the bars are not even renew it`s higs or previous highs.
🔶 No one knows what happend to price but technical analysis in combination with volume indicator could help you to open a trade and understand the nest price movements.
✅Now after -46% DUMP i don`t reccomend you to gamble. Better to save the money to the possible bullish trend in 1-2 year or use small part of your depo to stufy trading this situations. Actually, i don`t recommend you to trade such dumps without using trading strategy as it was with lunatics at Luna 1.0 dump. They almost destroyed.
Additionally, today is the a day of uncertainty. The FED meeting can dump the stock and crypto markets after rate hikes to 0,75%!
🏁Traders, write your thoughts about current situation with Tron. Will the USDD lost it`s peg and we need to open a short or it skyrocket to the moon in 2-3 months?
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.