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Thoughts on TruFi and the potential trend on RWA.Good deals, and may luck be on your side. Good day, dear readers. Today I suggest taking a look at the TruFi token. I'm not recommending buying it, but rather considering it from an investment perspective for the upcoming bull market. In brief, TruFi is a lending protocol (lend/borrow) linked to RWA (real-world asset tokenization). The system even has its own not very successful stablecoin, which has recently been somewhat detached due to various events involving Binance, Justin Sun, etc., although as claimed by the teams and other people, this stablecoin was fully backed by dollars. The token and platform's interest lies in its interaction with the real world. In my humble opinion, tokens from this sector will experience hype during market growth. Additionally, loan defaults lead to quite real legal consequences (with their pros and cons). As far as I understand, market participants (crypto enthusiasts, hodlers, coin holders, and ordinary people unrelated to institutional investments) can provide liquidity to the DeFi protocol. After that, a borrower who can borrow money, not in ethers or bitcoins, but in dollars, can be found. Observing the perplexing movements of the stablecoin, I intentionally write this review to draw your attention to this asset. This is not a call to buy at current prices, as the price could very well break new lows before trending upward or stagnating. Nevertheless, this is a rather risky investment, suitable for a short-term peak and the first downturn of the bull market, but with the potential for decent returns. Since hitting bottom, the token has only risen by 120%, and the first subsequent minimal target would be beyond local highs, likely much higher. Even upon reaching this target, we could expect a 130% profit from this position. My motivation for investing in it (although I bought earlier and now hold about 40%) is the price bottom, token revival (albeit not very successful, as the daily candle was extinguished), prolonged accumulation, high previous highs, and potential hype associated with RWA. The target on the chart is minimal and conditional, and cup-and-handle formations often do not play out and are frequently fictitious. If you do seriously consider the possibility of acquiring the token, be sure to study it independently and at least read about it, as from the perspective of conservative investments, this is an extremely risky deal. I strongly advise against investing more than 0.5%-1% of your total portfolio. This review is a work of fiction and is not an investment recommendation.
by Juiceit
3
TUSD: Strong breakout confirmed. Rally just beginning.Threshold crossed over the LH trendline of 2023, turning bullish on the 1D timeframe (RSI = 67.372, MACD = 0.000, ADX = -21.212). This is a confirmation that a new rally has started, as it also closed over the 1D MA50. This has been done before on June 23rd but there was no RSI Bullish Divergence as it built up now. Consequently, the short term target is the 1D MA200 (TP1 = 0.0240) and after a pullback rebuy and target the R1 level (TP2 = 0.02955). After that, the upper Fibonacci levels will play the Resistance part. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:TUSDLong
by InvestingScope
3
🔥 TRX Pumping On Zero Fee Bitcoin Trading: Great Long Term PlaySince the 22nd of March this year, the BTC/TUSD pair is tradable on Binance with zero fees. TUSD is the stable coin connected to TRX (Tron). Ever since the zero fee trading went live, TRX has been outperforming Bitcoin by quite a margin. As seen on the chart below, the TRX/BTC pair has been pumping for weeks now, whilst the majority of tokens have been losing value against Bitcoin. TRX is not some new hot token of the moment, so there's little reason for it to pump organically, so my assumption is that zero fee BTC/TUSD trading has increased demand for TUSD, and thus increased demand for TRX since it's an algorithmically pegged stablecoin (like LUNA and USTC). As long as this zero fee trading is in effect, I'd wager that the demand for TRX will only increase from here, especially when the "real" bull-market will start and volume will increase next year or so. Do you think TRX is a good long-term play, or is this pump temporary? Share your thoughts 🙏
Long
by FieryTrading
8
TUSD hit the Cycle's Golden Ratio. Expecting correction.Threshold (TUSD) just hit the 0.618 Fibonacci retracement level of the Bear Cycle just one day after breaking above its 1D MA200 (orange trend-line) for the first time in history. Needless to say this is a major bull target hit, the new Bull Cycle is already underway and as the 1D RSI almost reached 95.000, the overbought condition technically couldn't be higher. Being the Golden Ratio, we expect a pull-back now on the 0.618, which can extend as low as the 0.382 Fib. Technically this is a major demand level as the zone within the 0.382 and 0.03200 was a strong Support level From May until August. An RSI around 50.000 with a price near the 1D MA50 (blue trend-line) would tick all the boxes for the next long-term buy. Our target is 0.1000 on a quarterly horizon. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:TUSD
by TradingShot
1
Peg of Stable CoinsStablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions. (Investopedia) This graph shows the pegged value of the main stable coins. Ideally, the value should be 1:1. In this crash scenario, I will stay alert on these values.
B
by andre_007
USDT warn! only the tokens on the PoS network will be redeemableGrayscale warning ahead of the Ethereum Merge: “issuers like Tether and CirclePay have stated that post-fork, only the tokens on the PoS (proof of stake) network will be redeemable”, so if the PoS-based Ethereum fork goes “live with a parallel DeFi ecosystem, collateralized with unredeemable stablecoins, users and smart contracts may attempt to liquidate positions on the new chain, contributing to sell pressure on the new token.” The worst case scenario of the Merge is the collapse of Ethereum based stablecoins, so be careful with those.
BITTREX:TUSDUSDShort
by BuySellMarketMaker
XAUUSD !! Wolf's visionI offer you a different vision than everyone else has seen. Watch how the channels will work with the fibonacci levels I have been working on and developing for the last 1 year. Please push **LIKE** to support idea , thanks This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
OANDA:XAUUSD
by Wolf_of_Trading
96
Inner Circle BNB/TUSD #fibcircle #bnb #crypto #tusd $BNBBnb could be dropping down to support levels here . See our red candles now curving down along that blue fib circle line ? I expect that to continue . Also see that red arrow pointing down ? That shows our candles already wicking down into that green Ichimoku Cloud . We are almost certainly going to be crossing down through this cloud and closing underneath it at some point . There is a support level below us near $16 by that red dotted line . Below that is a .236 fibonacci level near $14 . If we dump below both of those it is very possible we revisit the $10 level again -perhaps even lower . See that red question mark ? That's sitting on the bottom edge of that purple Gann Fan line which we are also in right now . It's possible we touch down to this line at some point . How long will that take ? I have no idea . I'm sure there will be some up and down along the way but probably this will take months . Also notice this is the TUSD pair of BNB . That's True USD stablecoin on Binance . Apparently this is a stablecoin fully collateralized with multiple escrow accounts but I'm trying to limit my tether exposure to some extent when I can .
by shimmeringpath
BTCUSD Alignment 76% gainsHi there. I'm not a pro, I'm afraid of shit like most people but not so much that I get paralyzed. I use the Boss Method for charting and I feel like there are a lot of things that line up pretty well with this chart. The MA's are 7,77 and 231. Vertical Fib: Starts at the "lightning moment" around feb-march of last year and tops out at top of candles around jun-july of last year. Horizontal fib: Starts at the same point, ends after the first peak, the break-down moment in july of 2019. Dashed lines: the bottom line represents the trending support line going back to the lowest point since 2015, the top line has the same vector and represents the top of a reasonable channel Sine wave: begins at the "lightning moment" before the run up in 2017, apex point is at the peak in jan 2018. All that said I feel like a reasonable spot to buy BTC will be between 4300 and 4800. Historically BTC rebounds to at least the .5 if not the .618 on the Fib. if that holds true then 76% gains over the next few months is likely. The Sine wave shows upward energy between the 3.2 and the 3.6 just after the historically average 50 day period of sideways time. This is also probably around the time we will be coming out of the C virus issue. The sinewave also completes this cycle of energy at the Horizontal Fibs 4.6 probably around January of next year. BTC bounces of the support line usually a few times...for 50 days.. so if you think you missed out you probably didn't. I have found the best fastest way to buy/sell/hold and spend BTC and some other cryptos is with the Monaco/Crypto.com VISA card. The UI is awesome and fast, you can trade in and out of BTC (some other cryptos too) and TUSD in under a minute if you have a panic moment like me. So if you don't have one it seems like you have about 2 months to apply for and get one. Wait for the 7 to go above the 77.. Good luck! I guess leave me a comment if you agree or disagree with my analysis.
BITFINEX:BTCUSD
by isaacschmid
BTT, The Tale of the Falling wedge patternThe difficulty with young charts like this one, is that there is not a lot of antecedent and support are not clearly identified . But, we can obviously see that BTT is oversold, with a very low RSI, who are good indicators for a entry. BTW we can remember that BTT is now part of justin Sun plan for Tron, so we have pretty good fundamental here, for my opinion. I'm not a financial advisor and i'm not telling people to buy or sell, you guys are responsible of your own capital, i'm just a random guy who share dumb ideas.
BLong
by JEZZRZZ
1