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Tron

TRON (TRX) - May 9hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (TRXUSDT 1W Chart) Resistance: 0.11228-0.12526 Support: 0.04736-0.06034 (1D chart) (buy) - After confirming the support at 0.08631 (Stop Loss) - When the resistance falls below 0.08223 (Sell) - When receiving resistance near 0.10176 - When receiving resistance in the range 0.11228-0.12526 If the price holds above 0.08223, it is expected to surge. This is the same as saying that a fall below 0.08223 is likely to lead to further declines. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. 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.) ---------------------------------
by readCrypto
1
Confidence growth of the Tron in a falling marketTwo weeks ago, we were doing a global idea for a couple of TRXUSDT During this time, the condition was met that buyers did not allow the Tron price to fall below $0.06, which showed their strength. But even greater enthusiasm has been shown in recent days, when the whole crypto market is falling and the price of TRXUSD is rising. A positive signal can be considered the fact that growth is booming at higher volumes, interest in the coin is impressive. The critical level near which will be the struggle between buyers and sellers is in area $1. Fixing the price of TRXUSDT above the black trend line will pave the way for growth on the white route. We also traditionally offer you a medium-term trade: Entry: $0,085 Stop: $0,798 TP-1: $0,112 TP-2: $0,134 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
20
TRON | Will it make further gains? The TRON (TRX) price weakened after it moved up to its year high in April but since late July it has being showing an uptick to be valued at $.013 giving it a market capitalisation of $10.42bn by 26 October. The cryptocurrency recently surpassed 58 million accounts and has announced new development projects. Data from Tronscan shows that the total number of TRON accounts has surpassed 58 million, with more than 2 million transactions processed daily. On 26 October, there were 71.66 billion TRX coins in circulation, of a total supply of more than 100.85 billion. The company has a market capitalisation of $7.4bn, according to data from CoinMarketCap, ranking it the 30th largest cryptocurrency by total value. As of 20 August, there were more than 10 million accounts holding BTT – 20% of the total accounts on the TRON network. On 18 August, data from the CryptoRank blockchain data platform showed that the total TRON coin value locked on the TRON public blockchain broke $10.1bn, ranking it third behind the Ethereum and Binance Smart Chain (BSC) blockchains. TRON uses three-layer architecture – a storage layer, core layer and application layer. There are several modules in the TRON core layer, including smart contracts, account management and consensus, according to the company’s white paper, which offers TRON potential for growth. TRON runs on a Delegated Proof-of-Stake (DPoS) consensus in which there are 27 super representatives (SRs) that produce blocks on the chain. Every six hours, TRX account holders can freeze their accounts and vote for SRs. The protocol generates a new block every three seconds, and each block awards 32 TRX to SRs. This process allows for faster throughput than some other blockchains. Developers can create distributed applications (dApps) and customised wallets on the blockchain. Smart contracts enable TRON to develop non-fungible tokens (NFTs). The developers announced on 23 August that TRON has made a strategic investment of an undisclosed amount in the DeFine social NFT platform. The funding will be used to develop “the first NFT marketplace in the TRON ecosystem and launch auctions soon”. TRON also announced that the network’s BTFS file storage system will integrate with DeFine in September. And TRON plans to expand its NFT ecosystem with APENFT. The TRX price reached an all-time high of $0.3004 on 5 January 2018 during a strong rally in cryptocurrency prices. The markets subsequently collapsed, with TRX ending the year around $0.01. The TRON trend bottomed at $0.0088 on 12 March 2020, turning higher to reach $0.02 by the end of the year, and then bursting up to a peak of $0.1799 on 17 April as cryptocurrency markets rallied. They fell sharply over the next week before peaking again in May at $.015. The price dropped to a low of $0.0468 on 22 June, rose to $0.0698 on 29 June and then slipped back to $0.04917 on 20 July before the recent rally. TRX reached $0.0951 on 15 August, its highest price since 19 May. There was then a longer rally saw them peak in September at $0.12. Another trough and small recovery has seen the price reach $0.1 by 26 October. The moving average convergence divergence (MACD) and momentum indicators were neutral, while the relative strength index (RSI) was 59.03, indicating that TRON was a neutral. An RSI number above 70 indicates an asset is overbought, while a number below 30 indicates it is oversold. We can predict that the TRON price will drop by more than 9% to $0.093 by 25 November. We also Believe TRX/USD forecast is bullish, projecting the price will rise from $0.1039 at the 2nd week of November to $0.163 in a year's time. It then estimates the price will more than double to $0.418 by the end of 2023. TRON price prediction also anticipates that the price will rise, but at a slower rate. The price will average $0.161 in 2021, rising to $0.18 in 2022 and $0.293 in 2023. For the longer term, it projects the price will average $0.453 in 2024. It is possible for TRON to end 2021 at $0.16, rising to $0.24 at the end of 2022, but then growth will slow from 2023 to 2024 to reach $0.37. If you are looking to invest in the coin for a long-term, - Our option for #TRON is BUY AND HOLD IT. It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Please comment, like and follow if this post helped you. Thank you for your time. Have a profitable trading. | Review and analysis by Samadi.Finance |
by AliSamadiTR
TRX UPDATE 📊 TRX UPDATE 📊 Currency Pair: TRX/USDT Latest Situation: In the previous analysis, we predicted that the pair would reach its first target of 0.085. The sharp decline in bitcoin and the excessive selling pressure on the cryptocurrency market may make the above targets a bit unrealistic. Therefore, traders betting on short-term moves above 0.085 are at high risk. Direction: Short Term Risk: High Current Price: 0.0897 Up Probability: 55% Down Probability: 45% Direction: MID Term Risk: Medium Expected Price: 0.08-0.091 Breakeven Point: 0.071 Direction: Long Term Risk: Medium Expected Price: 0.085-0.12
by Dvbitcoin
TRXUSD Strong short-term but long-term needs moreTron (TRXUSD) has showed incredible strength short-term since May 01 up until today. Even though it broke above the 1D MA200 (orange trend-line) yesterday for the first time since December 17 2021, the coin remains within a long-term Triangle pattern since the April 21 2021 High. As a result it is still best to trade the Triangle (buy low - sell high) for as long as the 1W MA100 (red trend-line) supports and the Lower Highs (top) trend-line of the Triangle resists. In order for the market sentiment to turn bullish again on the long-term, we believe that a break above the 0.786 Fibonacci retracement level is needed (which contained the previous Lower High). In that case we expected a new rally towards the 1.382 Fib (matched the April 2021 High) and the 1.618 Fib in extension around 0.2200 - 0.2300. Note that the 1D CCI has been within a Channel Up since the last Triangle Higher Low. Adds to the bullish break-out case. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:TRXUSD
by TradingShot
2
TRON : WATCHLIST for scalping longFrom most ALT coins i overlook today, TRX look positive on 4H CDC indicator. When looking at weekly view, It already tested major support twice as above chart and on daily TF is moving along this channel So in case of BTC is moving up, this one will be good choice for scalping LONG ................ 1. The analysis is for scalping /day trade methods only , not for coin holders/investors /long term If you follow it please set SL at ur acceptable risk 2. Tradingview won't let me update the analysis status via phone-- but i try to log in PC 1 time a day
Long
by baby_rhino
12
TRON (TRX) - April 28hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (TRXUSDT 1W Chart) Primary resistance: around 0.08631 Secondary resistance: 0.11228-0.12526 Support: 0.04736-0.06034 (1D chart) (buy) - After confirming the support at 0.06427 (Stop Loss) - When the resistance falls below 0.06034 (Sell) - When resistance is received in the range of 0.07070-0.07322 - When resistance near 0.08631 The section 0.07070-0.07322 is the section where the downtrend line passes, so there is a high probability of a whipsaw. Therefore, an appropriate response is required. If it rises above the 0.08233-0.08631 section, it is expected to surge. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
1
Is TRX a good investment ahead of the USDD's debut?On Thursday, the price of TRX skyrocketed when Justin Sun announced plans for a new stablecoin. TRX hit a high of $0.074, the highest since April 4th. However, following Jerome Powell’s hawkish remarks, these gains were short-lived. Bullish Scenario: TRX may retrace back to $0.06 support levels. If TRX manages to break over the resistance level at $0.074 after retracements, it will be mildly bullish. With sufficient buying activity, breaking above the $0.08 price barrier will lead to a rise towards $0.10 and higher. Bearish Scenario: TRX has been in a decline for several months, thus we don’t have a strong bullish bias for the medium term. If the support level of $0.06 does not hold, the price will sooner or later fall below $0.05, $0.03, and much lower.
BINANCE:TRXUSDLong
by AltcoinBuzzTrading