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TRX

TRXUSDT Testing the top of the 1 year Triangle. What's next?*** *** For this particular analysis on TRON we are using the TRXUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tron has been trading within a Triangle pattern since its April 17 2021 market Top. Since then we've had two Higher Lows and another Lower High. At the moment the price is the closest it has been to a new Lower High. If broken it will be a major bullish break-out for the coin and should target the 0.1300 Resistance of the November 15 2021 Lower High. There is another interesting pattern involved as well. The 1D RSI sequence resembles the Lower Highs/ Higher Lows pattern of the previous mid - late 2021 rally of July - November. If the price breaks the RSI Lower Highs the move this time may be outside the blue box as the current price action is far more aggressive than that of October - November 2021. That may very well deliver the 0.13000 Resistance test. If however it gets rejected on the Lower Highs, we expect a pull-back to the 1D MA50 (blue trend-line) and then a test of the top of the blue box. Notice that a 1D Golden Cross has just been formed (1D MA50 crossing above the 1D MA200) and that the 1W MA50 (red trend-line) has been acting as a Support in the past week. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
5
Tron vs Tether Long-Term (115% Potential to All-Time High)TRON has been printing higher lows vs Tether (TRONUSDT) since March 2020; we have a bullish chart setup. TRXUSDT price remains trading above EMA100/50/10. We have the highest volume ever this month of May. We have a strong RSI as well and a total potential of 115% to its all time high. The main support levels go as follow: 1) 0.075200 short-term. 2) 0.064825 main support for the current move. 3) 0.046376 long-term support. You can stay 100% bullish above 0.075200. Below this level things can change but the bullish bias remains strong above 'main support'. That is all. I hope you find this information useful and it helps you maximize profits. I am wishing you tons of success, great health and lots of wealth. Namaste.
Long
by AlanSantana
2
TRX on the way to 0.12$TRON is in an ascending Triangle which is a Pretty Good and Obvious Bullish Sign! The Price will Be Starting To Pump Heavily once The Break out Happens! The Expected Price for Break out is around 0.088$ and It would Reach 0.12$ (The Price will Increase as much as the Measured Price Movement AB=CD) -TRX is in an Ascending Triangle -No Break out yet -Break out will Happen 0.088$ -Price will reach 0.12$ -(AB=CD) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
2
Tron’s TRX Burn Total Exceeds 7.7 TrillionThe Tron network has figured out how to beat the remainder of the digital forms of money in the midst of the as of late expanded bear pressure. Tron's local token TRX has flooded by more than 25% in the beyond 30 days. In a bid to help this increment the organization is continually executing different consumes. Very nearly 300 million TRX consumed Justin Sun, Tron's head, informed that another very nearly 300 billion TRX tokens have been shipped off a dead wallet. The exchange was worth around $24 billion. The token is exchanging at a typical cost of $0.079, at the press time. According to the Tron people group, in excess of 385 billion coins were singed on May 26, 2022, to back the cycle. In the mean time, two other comparative exchanges were recorded by the Whale Alert as of now. More than $14.9 billion worth of 184 billion Tron tokens were moved to an obscure wallet. Notwithstanding, Tron hasn't asserted that these exchanges were important for their consume cycle. Commercial The Tron network has guaranteed that they are in a condition of flattening. This statement comes in as they have sent around 7.7 trillion TRX tokens to a dead wallet in only 30 weeks. The Tronscan referenced that TRX consumed comparing to the decentralized stablecoin USDD crossing 7.2 trillion tokens. Nonetheless, Sun looks hopeful as he holds back nothing trillion TRX consume mark. May saw enormous consume exchanges According to the information, the TRX consuming cycle saw an enormous spike in the long stretch of May. The spikes proceeded to contact the 1 trillion symbolic consume level two times this month. May 5, 2022, saw the send off of one more stablecoin USDD upheld by TRX. Nonetheless, the USDD has likewise outperformed a major milestone. The stablecoin has figured out how to fabricate a course of more than $600 billion. This huge achievement has come in the midst of the new Terre LUNA and UST memorable accident.
TLong
by DEinvestment
Tron Price Analysis — May 25Tron retraced from the $0.0830 barrier on Wednesday as the broader crypto market took a bearish turn in the London session. The thirteenth-largest cryptocurrency has now fallen to the $0.0800 support line. While the overall bias behind TRX is bullish, we could see a bearish decline below the $0.0800 level in the near term, albeit a likely brief one. This is due to the repeated failure of the crypto to breach the $0.0830 since the start of this week. That said, a sustained break above the $0.0830 barrier in the near term should prompt a bullish rally towards the $0.0900 top. Meanwhile, my resistance levels are $0.0830, $0.0850, and $0.0880, and my support levels are $0.0800, $0.0780, and $0.0760. Total Market Capitalization: $1.25 trillion Tron Market Capitalization: $7.6 billion Tron Dominance: 0.6% Market Rank: #13
BINANCE:TRXUSD
by Mr_Wogbe_Alex
TRX Is Stuck between 0.033$ and 0.11$TRX is in a Descending Triangle. This Pattern is Pretty Visible on The WHITEBIT Exchange Chart and we can Be Sure Of a Big movement Pretty Soon. We can Expect the Price to be Bearish and That It would Decrease to 0.033 $. also there is a Slight chance that the Price would become Bullish and would Start a Bullish Movement From Here and Reach 0.11$ We can not Say For Sure What Is gonna Happen Since the Price Has Not Done a Confirming Movement YET! -TRX is in a Descending Triangle -Movement can Be bearish Or Even Bullish. -0.033 in bearish Case and 0.11$ in Bullish Case. -wait for Break out. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
8
TRX the great CN wall of blockchain! TRX has been going up for some time. It is by far the best positioned alt to capture the Asian markets. Overall the fundamental thesis behind this token is very bullish. China focus on keeping control of its web and IT infrastructure places TRX in a prime position. However, it is just as suceptible to the CN and US money printer as any other alt. The current off season pump, is unjustified by macro fundamentals. It is my current opinion it will not last. I will revisit this token at a later date.
Short
by TheBitcoinGeneration
2