TRX gonna be 0.065 $ again ?hello
I wish you have a wonderful day.
.....
TRX was one of the best cryptos in 2022 in my opinion.
it managed to recover itself from 0.06 $ to almost 0.09 $.
I think the price will test the up trendline 1 more time because if you look at the TRX/BTC chart it reached the resistance and got rejected for now.
if it manages to break the resistance on the BTC pair, it's possible to break up in the USDT pair as well.
in that case first resistance level would be 0.12$
.....
not financial advice!
please, share your ideas with me
I would like to see what do you think about any cryptocurrency <3
have a great day.
TRX
TRX Tron falling wedgePrice action has been bound to a rising channel since march. Currently a falling wedge has printed and break out will get price to test the channel midline. If TRX remains bullish it will test the the channel resistance. Breakout of the channel will send price to 0.1295.
CCI about to breakout of its downtrend.
TRON Weekly View 3/6/22TRXUSD Can be seen to have moved above the 50MA in a bullish fashion on this Weekly timeframe
Prior this support for the bulls was found at the 100MA
A breakout to upside may follow
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.
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Shorting TRX (Risky Trade)We have a Risky trade for you all, up to 10x leverage , which can turn out to be a great call for those of you that have a higher risk tolerance. The trading set up that we have for you is:
Short TRX x10
HIGH RISK
Entry: 0.0900
SL: 0.0925
TP1: 0.0877
TP2: 0.0865
TP3: 0.0856
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.
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)
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Thank you for seeing idea .
Have a nice day and Good luck
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.