Tron Update 2024-12-8The most optimistic probable next target for Tron are shown as mentioned
Note : This is a personal idea and is NOT enough for trading.
TRXUSD.P trade ideas
TRON Set To EXPLODE During Next BTC ConsolidationPrice Target: .148 - .2
Wolfpack and RSI have room for upside.
Chart pattern similar to MANA and BAT. Look what happened to those cryptos this week!!!
Tron TRX to the $0.50 zone #bullflagTron TRX to the $0.50 zone
tron has been on a rip
Tron TRX to the $0.50 zone
Resistance? TRXUSD Says ‘Not Today’
TRXUSD: Breaking Resistance with New Highs 🚀
TRXUSD has historically been constrained by the strong resistance zone between $0.18 - $0.33 , despite the consistent formation of higher lows indicating mounting bullish pressure. However, the price has now achieved a new all-time high , successfully breaking above this resistance.
Currently, if the price remains above the $0.30 level , the next potential target emerges at $0.75 . This projection is based on the prior retracement before the breakout, overlaid as a measurement of expected upside momentum.
👨🏻💻💭 What are your thoughts on TRX’s potential to hit $0.75? Share your analysis and let’s discuss this breakout together! 📈
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Tron (TRX) Climbs to New Highs - What's Behind the Recent Rally?Exploring the Surge: Tron (TRX) Climbs to New Highs - What's Behind the Recent Rally?
Tron (TRX) Soars to New Heights: A Deep Dive into the Recent Rally
Tron (TRX), a decentralized platform that aims to build a worldwide free content entertainment system with the blockchain and distributed storage technology, has recently experienced a significant surge in price. This rally has caught the attention of seasoned investors and cryptocurrency market newcomers.
The 100% Rally and Beyond
In a remarkable display of bullish momentum, Tron's price surged over 100% within a 24-hour period, propelling it to a new all-time high (ATH). This extraordinary growth ignited a wave of excitement and optimism among crypto enthusiasts. The question on everyone's lips: Could Tron be poised to reach the $0.5 mark?
Technical Analysis: A Bullish Outlook
To gain a deeper understanding of Tron's recent price action, let's delve into a technical analysis of its one-hour chart.
• Reclaiming the 20 MA: One of the key indicators of renewed buyer interest is the ability of a cryptocurrency to reclaim its 20-day Moving Average (MA). When Tron successfully recaptured this crucial support level, it signaled a potential shift in market sentiment from bearish to bullish.
• Bullish Momentum: The upward trajectory of Tron's price, coupled with increasing trading volume, suggests strong underlying bullish momentum. This momentum can often drive prices higher, especially when supported by positive market sentiment and fundamental factors.
• Potential Resistance Levels: While Tron's recent rally has been impressive, it may encounter resistance at certain price levels. Identifying these potential resistance zones can help investors gauge the extent of the upcoming price movement.
Fundamental Factors Driving Tron's Rally
In addition to technical indicators, several fundamental factors have contributed to Tron's recent surge:
• Growing Ecosystem: Tron's ecosystem has been expanding rapidly, attracting a diverse range of projects and applications. This increased adoption and utility have positively impacted the demand for TRX tokens.
• Strategic Partnerships: Tron has forged strategic partnerships with various organizations, including BitTorrent, a popular file-sharing platform. These collaborations have strengthened Tron's position in the blockchain industry and boosted its visibility.
• Positive Market Sentiment: The overall bullish sentiment in the cryptocurrency market has also played a role in Tron's price appreciation. As investors become more optimistic about the future of digital assets, they are allocating more capital to promising projects like Tron.
The Road Ahead for Tron
While Tron's recent performance has been undeniably impressive, it's important to approach any investment with caution and conduct thorough research. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
As investors look ahead, they should monitor key factors such as:
• Market Sentiment: The overall sentiment in the cryptocurrency market can significantly impact Tron's price.
• Regulatory Developments: Changes in regulations can have a profound effect on the cryptocurrency industry, including Tron.
• Technological Advancements: Continued innovation and advancements in blockchain technology can drive Tron's growth and adoption.
In conclusion, Tron's recent 100% rally and reclamation of the 20 MA on the one-hour chart have ignited a wave of optimism among investors. However, it's crucial to approach this bullish momentum with a balanced perspective and consider the potential rewards and risks of investing in cryptocurrencies. Investors can make informed decisions about their Tron investments by staying informed and conducting thorough research.
Did you miss TRX?with the bull-run on your table, 7-star is on full throttle. We had good buy and Fbuy prints and the perfect sell print too. TRx ride was very massive. No one would product Trx would do 30x.
Now it's consolidating and let's see the next buy print for Trx
DYOR
For indicator access you can contact me
Tron breakout has been climbing my dotted measured move lineEver since it broke up from the cup and handle pattern that I posted a chart about a week or 2 ago price action has been climbing the measured move line like a staircase this whole time so far. Always a remarkable thing to witness imo. You cant really get a good view of how it has been climbing this line on the previous chart idea I posted on it because its all the way zoomed out to show just how high the end target of this dotted line goes, and I think it. May have also been on the weekly timeframe where as this chart here is showing the daily and is more zoomed in to properly illustrate how price will often climb the measured move line after validating a breakout. So far this is a text book example of such behavior. Hopefully it continues to do so. I will post a link to the previous Tron idea with the more zoomed out look at the chart below as well. *not financial advice*
TRX/USD Major trend. Channel. 17 11 2023Time frame 1 month. The ascending channel. A large triangle is forming in it with a base of about +550% (classic target workout from resistance breakdown).
Secondary trend. Time frame is the same as 1 month. Triangle zone.
Since the time frame is maximum 1 month, I set the maximum possible targets for the asset. Extremely strong resistance of the cryptocurrency, which from ICO +5500% (despite the conditional redistribution earlier several times) is a meridian channel (highlighted with a dotted line). I emphasize it.
To earn consistently, you need to set adequate goals for most of the position. You can keep a small part of the whole position (not necessarily), for maximum "probability zone targets" (percentages are shown for clarity). After all, you can afford it since you will be in profit from the main position.
When does the pump on large capitalization cryptocurrencies happen?
Pumped when "the hamster is not scared", that is, at the very peak of market marketing. Although it is worth noting that pumped coins with large capitalization very rarely reach the so-called "probability" zones, and if it happens, then for a very short period of time. Pumps come (liquidity, large capitalization, HYIP) often on the last 5 waves of bitcoin pump (overflow of large capital money) in the distribution phase or on the pullback after it.
TRX can be pumped under government events like BNB in 2020 ?
BNB / USDT. Ascending channel. Cycle. Wedge. Reversal zones.
Published 15 10 2020. Pumping +5500%
From the average set price (at already +15,000% price values), the pump in the trend has occurred over +4400% to the highs of the distribution zone.
BNB key capitulation zone, bottom, overpowering historical highs and super dump (probability zone):
🟣 Reset zone (carnival dump) $6.3$
🔴 Zone of equalization and price consolidation after the dump 11.18$
🟡 Zone of local ascending channel breakout (channel in channel) 39$
🔵 Peak reset zone in the distribution cycle 670$
❓Do you think it is possible to repeat the BNB HYIP on a notional Chinese blockchain TRX (in a country where supposedly cryptocurrencies are banned at the moment, but mass digitalization is underway) through which billions of dollars are transferred into USDT (cryptocurrency market pump) daily?
By the way the charts are conventionally similar in meaning (trend holding on huge profits). Can TRX like BNB at one time make a super Pump on a large % already while holding on to a huge % profit? That is, will TRX cryptocurrency repeat the previous BNB hype given the usefulness of blockchain and the adoption of blockchain by a number of countries "now" and in the future?
Action tactics. Super Pump. Risk Management.
Quite possibly, but for very large sales targets (hamster) I would allocate probably no more than 5-10% of the total crypto coin position. And still in the market allocation zone I would keep these coins not on wallets, but in stop-loss to protect a very significant profit. To make big money (ta in general to earn at a distance), it is necessary to have an account of every penny and not to play in the casino, but only in the allowable, predictable risk.
Pump/dump and super profit of "investors". ICO price
It is worth noting that with ICO 2017 price is now about +5500% Price of token (then on ETH-ERC20) ICO: 1 TRX = 0.00000038 BTC ICO was fair, anyone could buy a token, which subsequently in 3 months will grow in value on the pamp method "stick" in 100 times.
The capitulation zone (probability no more)). Repetition is the mother of learning.
Partial reallocation of large holders (traders and investors) was in 2020 as well as most assets thanks to shaking out -60% in a couple days on 03 2020 from the accumulation zone. Will it happen again or not? Yes/No, you should always be prepared in any trend for such a hypothetical event that could significantly increase your asset holdings and deposit afterwards in the final unanticipated capitulation of the markets (multiple).
Secondary trend. Time frame 3 days.
TRX on the RiseThe recent surge in the price of TRON ( CRYPTOCAP:TRX ) has set the digital asset space abuzz, which has now caught the market's eye more than ever following bold statements from its founder, Justin Sun. Sun's comparison of TRX to XRP, especially in the wake of XRP's significant rally, has not only sparked investor interest but also reignited discussions about TRON's potential in the altcoin market. Here, we delve into both the technical and fundamental aspects that are driving TRX's current market dynamics.
Fundamental Analysis:
Project Vision and Utility: TRON was conceived to revolutionize digital content ownership by empowering creators directly with blockchain technology. Since its inception in 2017, TRON has evolved from an ERC-20 token on Ethereum to its own independent network. This transition underscores its commitment to providing a platform where content creators can earn directly from consumers without intermediaries. This model of direct-to-consumer interaction could be pivotal as digital content consumption grows exponentially.
Market Position:
With a current market cap hovering around $20 billion, TRX ranks among the top cryptocurrencies, indicating robust investor confidence. The platform's focus on decentralized applications (dApps) and its support for smart contracts places it in competition with giants like Ethereum, yet TRON distinguishes itself by targeting the content creation sector, potentially carving out a unique niche.
Leadership Influence: Justin Sun's active engagement on social platforms, where he likened TRX to XRP, plays a significant role in shaping market sentiment. His vision for TRON as the "next XRP" taps into the current narrative where XRP has shown substantial growth due to legal clarifications and market sentiment shifts. Sun's comparison might not just be about price but also about TRX's potential role in the global financial ecosystem.
Technical Analysis:
Price Movement: TRX has experienced a notable rally, with a 17% increase in a single day, pushing its price to $0.236. This surge has been accompanied by a dramatic rise in trading volume, up 116% to $2.49 billion, demonstrating strong market interest. Over the past week and month, TRX has shown gains of 23% and 44%, respectively, illustrating a consistent upward trajectory.
Technical Indicators:
Relative Strength Index (RSI): Currently at 80, the RSI suggests that TRX is in overbought territory, which might hint at an impending correction or consolidation. Investors should watch for potential pullbacks to the 38.2% Fibonacci retracement level as a buying opportunity if the selling pressure subsides.
Three White Soldiers: The recent chart pattern, known as 'Three White Soldiers', indicates a strong bullish trend, where three consecutive long-bodied candlesticks signal a reversal from a downtrend to an uptrend, reinforcing the current momentum.
Market Sentiment: Despite signals of potential overbuying, the market sentiment around TRX remains bullish, fueled by Justin Sun's statements and the general altcoin market dynamics. The increase in futures open interest to $184.82 million suggests that traders are betting on further price increases.
Market Reaction and Future Outlook:
Speculation and Hype: The market's reaction to Sun's statements has been immediate and positive, with investors jumping on the bandwagon, speculating that TRX could indeed follow XRP's path. However, the sustainability of such a surge depends on more than just hype; it requires continuous development and adoption of TRON's ecosystem.
Challenges Ahead: While the comparison with XRP is compelling, TRX must navigate its challenges, including competition from other blockchain platforms, the need for more widespread adoption of its dApps, and maintaining its technological edge.
Investor Strategy: Given the technical indicators, short-term traders might look for entry points during any dips or consolidation phases. For long-term holders, the focus should be on TRON's adoption rate, partnerships, and the expansion of its DeFi ecosystem as these will likely be the true drivers of sustained value growth.
Conclusion:
TRON's recent rally, bolstered by Justin Sun's provocative comparison to XRP, has indeed placed it under the spotlight. While the immediate future might see some volatility due to overbought conditions, the fundamental vision of TRON, coupled with its technical performance, suggests a cryptocurrency with significant growth potential. Investors and traders should keep a close eye on both the technical charts and the broader market trends, as well as TRON's strategic moves in the blockchain space, to make informed decisions. However, as always, the crypto market's unpredictability requires caution and a well-thought-out investment strategy.
TRXUSDT rather TRON's Plan to get new ATH!TRON is currently showcasing strong bullish momentum, sitting atop an ascending trendline with signs of a potential breakout above the bear pennant formation. Here’s the breakdown:
Current Buy Zones:
1. FOMO Entry: From CMP (0.2111) if you’re bullish and expect a quick breakout.
2. Ideal Buy Zone: Between 0.206 to 0.203, offering better risk-to-reward as it aligns with the lower trendline and strong support zones.
Bullish Setup:
• Pattern: A bear pennant forming on top of an established uptrend often results in a breakout to the upside. TRON is respecting the ascending supports, indicating buyers are defending key levels.
• Volume Profile: Volume is building near the pennant, signaling the possibility of aggressive movement soon.
• EMAs (Exponential Moving Averages): Price is comfortably above the EMAs, with the 7EMA acting as immediate support.
Targets:
1. First Target: 0.22543 – This is the breakout projection of the pennant and a major resistance area.
2. Second Targets:
• 0.245 – A potential consolidation level if momentum persists.
• 0.31 – A stretch target if TRON gains strong bullish traction, aligning with historical levels of interest.
Risk Management:
• Stop Loss: Below 0.203 to protect from invalidation of the bullish thesis.
• A breakdown below 0.203 could signal weakness and negate this setup.
likely upward movement for TRX TronTRX is breaking out of a massive triangle and the weekly candle closed above the highest previous weekly ATH
Why TRX is the Safest Bet in the Current Market: A Comprehensive Look at Technical and Fundamental Developments
The TRON ( CRYPTOCAP:TRX ) ecosystem has recently witnessed a pivotal advancement with the introduction of SunPump's live streaming feature, developed in collaboration with DLive. This enhancement aims to transform how meme token creators engage their communities, fostering real-time interaction and boosting token visibility. The update not only underscores TRON's commitment to innovation but also bolsters its competitive edge in the decentralized content space.
SunPump's Impact
SunPump's integration with DLive introduces a unique live streaming platform for token creators, enabling them to bind their DLive streaming channels directly to their SunPump tokens. This feature addresses the growing demand for interactive tools in decentralized finance (DeFi) and brings a significant advantage: real-time community engagement. Users can access live streams through token detail pages, enhancing transparency and trust between creators and investors.
This initiative gains added significance following Pump․Fun’s decision to disable its live streaming feature due to concerns about inappropriate content. SunPump's moderated approach offers a safer, more engaging alternative, positioning TRON as a leader in community-driven blockchain initiatives.
Key Features Include:
- Seamless Integration: DLive streams sync directly with SunPump tokens, ensuring a smooth user experience.
- Enhanced Community Interaction: Investors can participate in live chats, fostering an active and engaged community.
- Moderation and Compliance: Addressing previous platforms' shortcomings, SunPump prioritizes content quality and user safety.
Technical Outlook:
At the time of writing, CRYPTOCAP:TRX is trading at $0.2116, reflecting a 1.81% increase following the SunPump news. This upward momentum aligns with a broader bullish trend, suggesting room for further appreciation. The Relative Strength Index (RSI) currently stands at 58, indicating moderate buying pressure without being overbought, which often signals potential for continued growth.
Key Technical Levels to Watch:
- Immediate Support: $0.201 (38.6% Fibonacci retracement level) acts as a strong foundation, preventing sharp declines and offering a potential bounce-back zone.
- Pivot Point: The 23.6% Fibonacci retracement at $0.24 serves as a critical resistance level. A breakout above this point could pave the way for higher gains, while a failure might trigger a pullback.
- Psychological Target: The $1 milestone remains an ambitious yet achievable target, contingent on sustained momentum and favorable market conditions.
Broader Market Context
TRON’s latest advancements align with its mission to decentralize the internet, empowering content creators with greater control and rewards. Initially launched as an ERC-20 token, TRX has evolved into a robust, standalone blockchain supporting dApps, smart contracts, and DeFi projects. Its focus on content-sharing platforms positions it as a viable alternative to centralized giants like YouTube and Facebook, offering creators more direct monetization opportunities.
The current live price of TRX stands at $0.2116, with a 24-hour trading volume exceeding $1.5 billion. Ranked #11 on CoinMarketCap, TRON’s market cap of $18.2 billion underscores its solid presence in the crypto landscape.
Conclusion
With the introduction of live streaming through SunPump and DLive, TRON enhances its utility and community engagement capabilities. This innovation, combined with TRX's favorable technical indicators, presents a compelling investment case. As the market stabilizes, TRX’s moderate growth trajectory and robust ecosystem developments make it a promising asset, particularly for those seeking long-term potential within the blockchain space.
TRXUSD - MACD AnalysisMACD likes to peak along the green horizontal
The lower current point on the MACD suggests price still has some upward movement left.
Sell when the MACD reaches the horizontal green line.
Bullish on the Weekly.
TRX looks fantastic for the long termCould TRX be in the middle of a wonderful impulse of 5 waves within a larger degree of trend? It looks like it just might be. It fits beautifully within the Hurst cycles (semi circles) at the bottom time wise. And, with wave 1 often looking very similar to wave 5, we could see a massive blow off top for wave 5 over the coming months. This is one of the coins that does not make up part of my portfolio, no matter how strong the analysis looks. But, if you want to go for it it's entirely up to you. Get out when the trend line breaks to the downside which will signal wave 5 having completed. Follow for more.
TRX Surging: Sun’s $6.2M Banana Purchase Sparks Market BuzzJustin Sun Buys "Comedian" for $6.2M
In a move that blends art, memes, and crypto culture, Justin Sun, the founder of TRON, has acquired Maurizio Cattelan’s iconic artwork, *Comedian*, at a Sotheby’s auction for $6.2 million. The infamous banana duct-taped to a wall has sparked debates in both the art and cryptocurrency communities. Sun described the artwork as a “cultural phenomenon” and plans to honor its quirky legacy by eating the banana 🍌 in the coming days.
This purchase, according to Sun, symbolizes a bridge between traditional art and the digital revolution, showcasing TRON’s innovative spirit and cultural relevance.
TRX: Riding the Momentum
The news of this high-profile purchase appears to have given CRYPTOCAP:TRX a boost in the market. The token is up 2.76%, trading within a bullish channel. The technical indicators point to a strong upward momentum:
- RSI: At 69, TRX is edging toward the overbought zone, signaling strong buying pressure.
- Chart Pattern: A bullish engulfing pattern suggests continued upward movement.
- Moving Averages: TRX is comfortably trading above key MAs, adding to the bullish sentiment.
A Stable Anchor in Volatile Waters*
Justin Sun’s strategic moves have helped CRYPTOCAP:TRX maintain stability amid market fluctuations. By aligning the token with headline-grabbing cultural events, Sun ensures TRON remains relevant and appealing to investors.
As CRYPTOCAP:TRX continues to trade within a stabilized threshold, it seems poised to attract more attention from both crypto enthusiasts and art lovers. The innovative combination of art and blockchain could lead to more institutional interest in the token.
Final Thoughts
Whether it’s a $6.2M banana or blockchain innovation, Justin Sun knows how to keep the spotlight on TRON. With CRYPTOCAP:TRX maintaining a strong technical position and benefiting from renewed attention, the token could see further gains in the coming weeks.
Will the banana become the spark for TRON’s next big rally? Stay tuned.
TRON too hot to handelTRON is up almost 400% since November of 2022. I see a retracement happening very soon, just my guess.
TRON TRXUSD is flying again over 5% today. Chasing all-time-high
Tron is on the move again chasing its high, not far off it.
What I like about TRXUSD is that it tends to buck the Bitcoin down days. In other words, if BTCUSD is moving down on a day, you can usually expect TRON to rally. So it is like a hedge and at 0.1875 and a strong chart.
I see a little turning over of the daily BTCUSD chart at the moment, so it needs a strong day today, but the one to shine overall could be TRON.
TRX - Tron VCP pattern on break!That is amazing to see a splendid structure like this, a VCP pattern is breaking the 0.145 area, where it is possible a further advancement.. only if the price maintain those levels in these days that could be possible.
It is a good reaction, seen the entire markets conditions.
We can see this coin go to 0.18 cents.. :-)
What do you think about?
Good trading!!
TRON: $0.07 | Funding Secured Again the pioneer when it comes to dapps gaming and staking
not to forget an OG in peddling across sectors from Buffet program all the way with building communties among Roundtables and online forums
this could de throne Solana Luna and Shiba or re claim it's top spot in the spACE
TRON blockchainI looked at today's situation and it seems bullish to me, I don't know exactly to what level, but above the white line.
There is one similar situation in history that you can imagine
I also added btc to the analysis. previous trx pump was when btc was high, today btc is also high. but btc didn't achieve anything special anymore.
If it pumps, the hypothesis is 1-2 months, from today. Reality can be different, maybe;)
MD
TRON PA is a thing of beautyTRON's PA is a thing of beauty. The HLs in HTF on the ascending triangle are aesthetically perfect. Price has been on the rise for a little less than two years. Sooner or later the god candles will print out.
Tron TRXUSD has been a bear for a good 2 or 3 weeks. Not anymore
I must declare Tron is one of my biggest holdings, I don't tend to hold onto currency's for very long because you forever get whipsawed around with the changes to the USD, and no matter how good your original setup was, quite often in trading when you see that nice 500 or 1000 green profit, it's best to take it off the table.
This is what happened with the start of the London session today Friday, the USD started to rally and all of the top currency's starting AUD, EUR, GBP etc all went in the red, down below it was the USD pairs in the green.
TRXUSD will knock over the USD today, I did hear that Bitcoin has not followed through on taking the Higher high set recently which would officially give it breakout status. One analysis I read was that Bitcoin is currently in a 15M channel and it may head bearish until it resets. I will check soon.
I keep digressing, TRXUSD has been tumbling downwards slowly and very measured so that nobody would notice on a Daily double top. But on multiple timeframes during Asia Friday TRON has about-faced and is now heading for the bulls.
TRXUSD is one of the few cryptocurrency's that is right at the top of its price cycle, to be honest I don't even recall its fundamentals because I go by the charts, however I do occasionally research the Crypto ones I have bought or am about to buy.
What's more to say? Well there usually is a bit of a buy-spread. I bought 50,000 a little while ago on market because most of the time I can't be bothered with limit-orders because while you punch in your order and price, the ones at the other end are driving the price higher and ripping us off. I have not made a dime out of TRON yet, I can't say to you that it will move fast like DOGE as it may be a turtle (slow), you will find that its chart-structure is a super-strong-foundation and the charts are very organised and usually pointing very bullish.
Strong Bullish Chart Structure: TRON TRXUSD: Sets up
This is a Cryptocurrency that always reminds me of DOGEUSD because they share a similar price at around 0.16 cents, the difference is that this one TRXUSD is positioned very strongly in terms of its price.
The setup here is the 4HR chart. You will see about 6 times that price action has drawn together with the 200EMA just before price rally's in Long positions.
You will see in the 4hR CHART how Tron is meeting with the 200EMA very soon, once again, I doubt it quite makes the joining with 200EMA because its price is going to take off very soon, northwards/longwards.
The thicker WHITE-LINE in chart is the 200EMA
