Get started

TRX

TRX: Channel Up BreakoutTRON (TRX) technical analysis: Trade setup : Price was trading in Channel Up pattern but got rejected at $0.086 resistance again, just as it did in June. Now it had a bearish breakout from Channel Up pattern and below $0.08 support. Price could pull back near $0.073 support, which could be an attractive swing entry in Uptrend. Pattern : Price was trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.080, which it broke, then $0.073. The nearest Resistance Zone is $0.086, then $0.100.
Long
by altFINS
TRX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TRX/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Tron (TRX) extended a recent bull run for a fourth day, with today’s move taking the token to its highest point since last Sunday Following a low of 0.08221 on Thursday, TRX/USD climbed to an intraday high of 0.08417 earlier in today’s session. Tron bulls appear to be targeting a resistance level at 0.0860, which was last hit during last Saturday’s peak of 0.0943. Since hitting that 20-month high TRX has mostly consolidated, however bullish momentum seems to be gradually returning. This comes after the relative strength index (RSI) moved beyond a ceiling of its own at 63.00, and is now tracking at 64.84. If the current sentiment remains, TRX could reach 0.0860 in the coming days. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
TRX TRONUSD UPWARDS POWERFULL BULL TRENDWhat is TRON? TRON’s tagline is to “decentralize the web,” and its ecosystem consists of several decentralized applications, some of which are quite well known. However, its primary purpose is to decentralize the content creation and distribution industry, which has received criticism for its censorship and unfair revenue distribution. To this end, TRON provides several tools alongside its protocol to ensure more democratic content creation processes. Some examples of centralized platforms that have censored videos and held a particularly strong revenue distribution control include YouTube. Indeed, the latter has censored several videos related to the cryptocurrency industry. Monetization is also a commonly discussed pain point related to YouTube. For many whose income depends largely on content, this can have a serious impact on their lives. The TRON network actually features a number of cryptocurrencies, including BitTorrent Token (BTT), JST, and a TRC-20 based version of the Tether (USDT) stablecoin. TRON has outlined a set of Dapps that work with these tokens, and with BTT at least, that includes BitTorrent Speed, BitTorrent File System, and DLive. Just (JST) is TRON’s DeFi-focused asset that powers a suite of related services. Within its remit is a stablecoin called JustStable (USDJ); JustLend, a lending platform; and JustSwap, a means to exchange to TRC-20 tokens. What makes TRON stand out? On the face of it, there isn’t much that separates TRON from its competitors. After all, all of them could just as well build Dapps that support the same goal as that of TRON. Indeed, many of them already do. However, with a more focused approach on this matter, TRON perhaps stands a chance to gain ground in this specific niche. With interoperability becoming a focal point of general blockchain development, this could perhaps further cement TRON’s position as a content-focused network. The unique selling point of TRON is that content on the network can be accessed by anyone, anywhere, with the prerequisite of an internet connection. This helps transcend censorship measures imposed by governments or companies. Several countries with totalitarian governments restrict websites and platforms, and TRON can help in this battle against censorship. Technical Analysis: Price has memory. That is a key concept in technical analysis. One of the basic tenets of the study of price history is “support broken, tends to act as resistance.”  The opposite is also a technical analysis maxim, “resistance broken, tends to act as support.” Have you ever considered why you see this play out on a chart so often? It is simple, it is because of the “anchoring bias.” Briefly, the anchoring bias is the human tendency to rely heavily on the first piece of information encountered when making decisions and then use that initial piece of information to make future decisions. Think of the price you may have personally paid for a stock. You tend to base your future decisions about that stock based on your purchase price. We calculate risk from that level and we measure our return based on that entry price. For better or worse, we are “anchored” to the price we paid. Price charts are used in an attempt to understand the collective reasoning and psychology of the participants so we can objectively prepare our trading plan. In the case of traditional (horizontal) support being broken and then acting as subsequent resistance, the more participants who are “anchored” to a price level, the greater a move will become when there is a break of that price point. When price breaks a major level of support, the “trapped longs” will have a propensity to look to get out at “breakeven” the supply from these participants helps to form resistance. In a trending market, the classic horizontal support and resistance levels are not always obvious. If we want to measure price memory from an “event” the Anchored Volume Weighted Average Price tool is the most effective means to accomplish this task. First, let’s define an “event.” In the markets, I consider a significant event to be any date from which price movement began or reversed. A short list of such events could be: earnings dates, week to date, month to date, year to date, FDA announcements, Fed announcements or just simple swing highs and lows. YELLOW ARROWS: These VWAPS were anchored off of significant pullback lows, notice how buyers emerged to defend these levels on subsequent pullbacks. Notice that the longer the anchor point is on the chart, the less sensitive to current price action it will become. The AVWAP is not just useful on longer term timeframes, it can also reveal some key insights about market behavior on intermediate and shorter-term timeframes  After gapping lower, buyers took control of the TRX and the AVWAP from that swing low provided intraday support on a panic selloff As buyers became more aggressive on the gap higher, this AVWAP was briefly violated in early December, but then proved to be a good support level as prices stabilized near 0.59 Because of its moving property, the AVWAP can be analyzed in ways like a traditional moving average. Some considerations when using this indicator include; direction and slope of the AVWAP, how far above or below price action is in relation to the AVWAP, etc. A robust indicator such as AVWAP can be implemented into any trading analysis or strategy. Experiment with various anchor points in you targeted markets and stocks and you will immediately recognize its value. As a stand-alone study or when viewed with other oscillators and indicators, the AVWAP is likely to become one of your favorite analysis tools. S1 0.61 S2 0.54 S3 0.48 On May 9th 2023 the Donchian Channel breakout has been confirmed by high volatility and volume, RSI +68,a strong sign that the breakout is valid and promissing to start the uptrend
CAPITALCOM:TRXUSDLong
by DaveBrascoFX
3
TRX 4H ForecastTRX had a downward spike in previous market movement, and we can look at this upward price movement as a correction (CP). Price got close to the gray order block but didn’t get a chance to enter, but if you look closer, you can see it did a Double-top with the Pin-bar shown with the red line .. and made an excellent downfall after that .. now the price is near the dynamic trend line, and was looking for good spots to enter, Here are the instructions : 
1 - Price goes up to the resistance shown with line 1, which is also near the neckline in lower timeframes. 
2 - After that price moves back down to Line 3, which is a Support zone in his time frame and higher time frames. 
3 - next, t price moves back up to line 2, which is a golden pocket 4 - and then goes to line 4, which is the last support zone in this time frame (support zone near the price ), and that’s where the whales are waiting for you Please leave your comments, and let's talk and share some insights.
BINANCE:TRXUSD.PShort
by Cryptosours
TRX (TRON) Coin Analysis 08/05/2021Fundamentals: TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS. This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018. Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry. TRON is also one of the most popular blockchains for building DApps. Using the blockchain and its decentralized smart contract capability, the idea of Tron is that users will experience a decentralized internet where “middlemen” such as Google and Facebook are not needed for users to access content. To draw an example, currently the most ubiquitous video sharing platform is Youtube, which is a privately owned company with privately owned servers that stores and serves video to its viewers. However, using Youtube’s services means that creators and users have to comply with Youtube's terms of service and may have to pay for its content in one way or another. Creators on the Youtube platform may earn a share of Youtube’s revenue, but the pay structure is entirely up to Youtube’s discretion. The TRON protocol runs on a Delegated Proof of Stake (DPoS) Governance Model. This allows users to perform transactions with close to zero-fee whilst still being resistant towards transaction spam. Transactions on the Tron Blockchain are maintained by a consortium of Super Representatives (SR) that are voted in by TRX holders who have locked their stake in the form of Tron Power. There are 27 top-voted Super Representatives and 100 Super Representative Candidates. The hierarchy of SR and SR Candidates are readjusted every 6 hours based on the number of votes they receive from Tron Power holders. Tron aims to replace services such as Youtube and others by becoming the decentralized infrastructure in which users can connect directly with creators and pay the creators directly for the content they wish to consume. TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry. The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs. Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years. TRON uses a consensus mechanism that is known as delegated proof-of-stake. TRX owners can freeze their cryptocurrency in order to get Tron Power, which means that they can vote for “super representatives” who serve as block producers. These block producers receive TRX rewards in exchange for verifying transactions, and these rewards are then distributed among the people who voted for them. According to TRON, this approach helps its blockchain to achieve higher levels of throughput. TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in its 30 Under 30 series for entrepreneurs. Born in 1990, he was also associated with Ripple in the past — serving as its chief representative in the Greater China area. TRON has a total supply of just over 100 billion tokens — and at the time of writing, about 71.6 billion of these are in circulation. When a token sale was held in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion. All in all, this meant that 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Critics argue that this is a much higher ratio than what has been seen with other cryptocurrency projects. TRON price today is $0.152468 with a 24-hour trading volume of $5,391,785,654. TRX price is down -6.9% in the last 24 hours. It has a circulating supply of 72 Billion TRX coins and a max supply of 101 Billion. Binance is the current most active market trading it. Technical Analysis: As you can see in the Daily chart , Tron coin Value have increased from the end of April to end of March 2021 and it reached 0.18$ each. The Coin has touched Fibonacci Golden Zone and Bounced from it, What we think is that the price may fluctuate and Reaccumulate between 0.12$ and 0.16$ in order to Get ready and accumulate enough volume to shoot for TP1 ( 0.23$) and ultimately higher targets levels, which are specified by Fibonacci Projection of the Initial Impulsive Cycle. There are few Support levels specified by Fibonacci Retracements which can stand in case of some More Fall downs.
Long
by BitonGroup
8
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. ------------------------------------- (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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
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.
Short
by TopgOptions
3
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.
Short
by TopgOptions
1
TRON retains bullish structure after liquidity grabThe move below the higher low at $0.0752 on 1 June was a liquidity hunt since this break of structure (formation of lower low) was not followed by a lower high and another lower low. Instead, prices pushed past the previous local highs at $0.08 Fibonacci retracement levels showed the 78.6% retracement at $0.0765 was retested as support and TRX bounced higher. This suggested TRX could reach higher to the 23.6% extension level at $0.0885 Entry: $0.0773 Stop-loss: $0.0738 (below the recent low) Take-profit: $0.0885 R:R- 3.1 Given the sentiment in the crypto market, profits can also be taken near the $0.0858 mark
Long
by AMBCrypto_TA
Accumulation Phase: #TRXUSD Buyers Prepare for Potential Rally💎#TRXUSDT has emerged as one of the standout performers this year, displaying remarkable resilience during the recent market downturn. The overwhelming presence of buyers is undeniable, indicating a strong likelihood of continued upward momentum. 💎It's worth noting that the price has reclaimed its position above the long-term uptrend trendline, which now serves as a potential support level. This suggests that buyers are actively accumulating, and could be setting the stage for a rapid rally in the near future. 💎We might witness a substantial 40% surge in #TRX, with a test of the 78.6% Fibonacci resistance or even a push towards the upper boundary of the long-term range. However, it's crucial to keep in mind that this bullish scenario remains valid only as long as #Tron maintains its position above the trendline. Stay tuned and seize the opportunities, ParadiseClub members! 🌴💎
Long
by MyCryptoParadise
TRX Break Out Failed, Possibly Heading Under 3 cents in 2024One of the most important things in trading is forego your own wants and want what the market wants. When Glenn Neely and I first came up with the x-wave idea for BTC, I did not want to believe it was true and I continued to WANT my diametric pattern to be the end of the bear market, as it had been for the last few months. As time has gone on it gets harder to deny that what we have formed over the last few months is an x-wave, on both BTC and TRX and the vast majority of crypto assets, and that we are only a little past half way finished with this bear market that began in 2021. The market is probably going to go to max pain from here. That means another 1-2 years of bear market and the global crypto market cap being slashed in half over that time. This is based almost entirely on the wave forecast, which indicates the bull market over the last few months is an x-wave. The reason why this is now being considered as an x-wave instead of the beginning of a new bull run is because we did not see the required confirmatory price action following the bottom in January. We should have seen moves much bigger and faster than wave-b, what we had, especially on TRX, was a move which is far smaller and far slower than wave-b. This is not what the beginning of a new bull market looks like. In particular on TRX it looks like it has formed a contracting triangle after wave-g, which is very weak and not at all how a bull market should begin, but it does form into a very nice looking x-wave. This is likely to be followed by another diametric which could take just as long as the previous one, and will probably be slightly shorter, taking TRX to under 3 cents. After this happens probably sometime in 2024 we will begin to see a move bringing TRX above 1 USD and probably much higher than that. Momentum is also bearish on multiple timeframes including the weekly and the monthly. Neely River Theory has also not given any buy signals on TRX yet and remains in bearish territory. On top of that, the regulatory issues in the US, and the lack of new money coming from other parts of the world like China is a major headwind for the whole market. A Wells Notice received by Coinbase at the same time the SEC sued Justin Sun implies that Coinbase will soon be charged with operating an unlicensed securities exchange, and may have to pause and seriously wind down operations until the court case is finished. The exact timing of when this lawsuit will be filed is not clear, but one thing is almost certain is they will be sued eventually after receiving a well's notice, and the comments made by Brian Armstrong indicate they are coming after their core spot business model. This is being considered as a possible regulatory trigger for this protracted bear market, however there are many other possible events which could cause negative headwinds especially from a regulatory standpoint, like Ripple losing their lawsuit or seeing it drag on for another year or two, and further ugly developments in Justin Sun's suit or other developers being sued. The reason this is significant is because it will seriously hinder new money coming in from the US, and short of mainland China opening retail crypto exchanges it's hard to imagine anyway that new money is going to be coming into the market at the same pace as 2017 or 2013. The lawsuits against Ripple and Justin Sun are also very significant because they hinder big developer's ability to effectively market their cryptos to US-based persons, or even through social media platforms like Twitter which may have US citizens browsing on there, opening developers up to liability if they advertise on these platforms or within the US, again severely reducing the flow of new money into the market, which is required for any real bull market to emerge. Whatever the eventual trigger is for this bear market, most important to this analysis is the Wave theory which indicates, based on the rule of reverse logic, that we are only near the middle of this bear market and this could drag on until next year. As much as I didn't want to believe this at first and I wanted to assume even if we do get a wave down it will be quick, that is most likely not what the market wants. Based on the best wave analysis possible, all signs point to this going to max pain, which is a very deep, protracted bear market that could drag on well into next year. The attitudes of many traders I have seen, especially to bearish ideas, are an echo of the peak in November 2021 which I called almost perfectly. The regulatory headwinds are also an echo of the SEC's DeFi crackdown which began in late 2021. And the wave theory and technical indicators here are clear and convincing, just like in 2021. Over leveraged crypto firms like Microstrategy and some BTC miners that are at risk of collapse during a protracted bear market are an echo of Luna, 3AC, and FTX. There may still be some small upside left in wave-x, but short of a massive breakout which would need to go almost completely vertical and send us flying past the velocity of wave-b (which is very unlikely), then we are probably going to form a top here very soon and begin a major decent towards max pain, finally squeezing out these over leveraged crypto firms and creating a temporary fire sale of cryptos.
KRAKEN:TRXUSDShort
by Intuit
2
TRX: Bullish Flag BreakoutTRON (TRX) technical analysis: Trade setup : A rare asset that’s remained in an uptrend despite the overall market correction, signaling robust demand from buyers. Price broke bullishly out of an Ascending Triangle pattern, which is a sign of an Uptrend. Price got overbought RSI ~ 80 and pulled back near $0.073-$0.075 support, briefly consolidated in a Bullish Flag pattern, and broke out again in the direction of existing uptrend. Next resistance level is $0.09. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, (previous resistance) then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.090.
Long
by altFINS
TRX Shows Strong GrowthTRX has experienced a growth rate exceeding 10% as a result of renewed demand, reaching the specific resistance range of $0.082-0.086. It is noteworthy to observe that this resistance level has historically elicited significant market reactions. Additionally, the price movement has consistently progressed towards the upper boundary of the medium-term ascending channel. Consequently, there exists a potential for the price trend to consolidate beneath this resistance level. The medium-term outlook for Tron remains optimistic, and under favorable market conditions, a successful breach of the current resistance level may lead to a plausible next target within the $0.10 range.
by MonoCoinSignal
2