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TRONUSD trade ideas

TRX 3 scenario#TRX/USDT $TRX rejected from support zone, and reached a resistance zone. 🐮 if price hold the support zone, and break out from resistance zone around $0.077, so it is going up to touch upper line of triangle around resistance zone of $0.09. 🐮🐮 break out from triangle will help price increase more to complete double bottom pattern at $0.15 and $0.176. 🐻 break down from lower line of triangle and support zone, will drop price to complete AB=CD pattern around $0.03
BINANCE:TRXUSD
by parissap
6
Tron Price Analysis — February 4After breaking out of the long-sustained bearish channel, TRX has surfaced above the eleven-day ascending trendline as the cryptocurrency inches closer to the $0.0650 resistance. A break above the 4-hour 200 SMA, which coincides with the $0.0650 resistance, should help TRX regain a solid bullish trajectory as we approach “Valentine’s rally.” The twenty-fifth-largest cryptocurrency briefly slipped back into the ascending channel earlier today following the US NFP reports, although bulls seized control again and pushed the price above $0.0640. It would be interesting to see what the weekend and next week hold for TRX. Meanwhile, my resistance levels are $0.0650, $0.0680, and $0.0700, and my support levels are $0.0620, $0.0600, and $0.0580. Total Market Capitalization: $1.66 trillion Tron Market Capitalization: $6.44 billion Tron Dominance: 0.35% Market Rank: #25
BINANCE:TRXUSD
by Mr_Wogbe_Alex
$TRXUSD entry PTs .001804-.0068-.051865 Next Target PT 2.40-17TRON Coin Price & Market Data TRON price today is $0.059529663343 with a 24-hour trading volume of $658,735,152. TRX price is up 3.9% in the last 24 hours. It has a circulating supply of 100 Billion TRX coins and a total supply of 102 Billion. If you are looking to buy or sell TRON, HitBTC is currently the most active exchange. What is Tron? Tron is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The Tron blockchain is built around the usability of its native token, Tronix (TRX). Who created Tron? The Tron blockchain was created by Tron Foundation, a Singapore based organization that is currently headed by Justin Sun. Prior to creating the Tron Foundation, Sun founded Peiwo, an app that aspires to be the Asian Snapchat. This app got Sun into the 2017 Forbes 30 under 30 list. Sun was also the former Chief Representative of Ripple in China and a graduate of Hupan University. Tron came about after a successful ICO which raised over $70 million in September 2017. What is the Value of Tron? 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. 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. How does the Tron Blockchain work? 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. Can I mine Tron? No, you can’t mine Tron because Tron runs on a Delegated Proof of Stake consensus algorithm. This is different from Bitcoin which uses the Proof of Work algorithm. New Tron tokens are created as block rewards for elected Super Representatives. This serves as an incentive to the Super Representatives in maintaining the integrity of the Tron network. You can participate by staking your TRX and voting for your desired Super Representative. What can I do on Tron? At its core, Tron is a smart contract platform. Specifically, it is built to be Ethereum Virtual Machine (EVM) compatible, meaning it has a Turing complete virtual machine capability. Executing smart contracts on Tron is similar to Ethereum. On the other hand, whilst Ethereum operates on the gas fee transaction model, Tron operates on the Bandwidth model, which is similar to that of EOS. This is how transactions on Tron can be much cheaper and more seamless than Ethereum. Just as one can issue smart contract tokens such as ERC-20, ERC-1155 and others on Ethereum, it is also possible to issue smart contract tokens on the Tron too. There are currently 2 token standards possible on Tron, namely TRC10 and TRC20. Various TRC10 and TRC20 tokens have been issued on Tron with various use cases. Where can I use my TRX? There are numerous Decentralized Appliactions (Dapps) built on the Tron Blockchain, many of which require the use of the native Tronix (TRX) token. You can easily swap your TRX for TRC10 tokens which are used by many Dapps on the Tron Blockchain such as BitTorrent, 888Tron and others. How to store my TRX? The Tron Foundation has made it very easy for users to store and utilize TRX in their day-to-day online activities. The Foundation recommends TronLink and TronWallet as their official community developed wallet. You can also store and use your TRX in most other widely recognized wallet brands such as Trust Wallet, Ledger, Cobo Wallet and others. Where can I trade TRX? You can see the full list of exchanges trading TRX right here on this page. CoinGecko continually tracks the latest market movement of TRX and provides this data for you.
BINANCE:TRXUSDLong
by BADQOMOCAWGOWLD
1
TRON (TRX) - January 17Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (TRXUSD 1W Chart) Above 0.04413840 point: Expected to create a new wave. If the price is maintained above the volume profile section formed near the 0.04413840 point, it is expected to continue the upward trend in the mid to long term. However, in order to continue the uptrend, it must break out of the downtrend line. If it fails to rise above the 0.07500028 point, there is a chance that it will fall near the 0.04413840 point, so trade cautiously. ------------------------------------- (TRXBTC 1W Chart) Over the 259 Satoshi-318 Satoshi section: Expected to create a new wave. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** 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 convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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.) ---------------------------------
BINANCE:TRXUSD
by readCrypto
TRX (TRON) WILL BREAK RECENT LOWTRX (TRON) will break recent low and after that where it can go this is confusing for now because i can see 2 alt count. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #TRX #TRON
KRAKEN:TRXUSDShort
by anantadhungana
TRON must breakout of this symmetrical triangle soonTRON tested the low end of the big symmetrical triangle in this weekly chart. There are 2 supports to buy for very good risk to reward ratio….ma100 at around 0.0624 & ma200 at around 0.045 which is also a double bottom of a big descending triangle. Bullish scenario will be for TRON to bounce off ma100 & beakout the triangle somewhere around 0.085. Happy New Year & Happy Trading! This is only my analysis. Pls practice due diligence.
BINANCE:TRXUSD
by xtremerider8
TRX 1H shortSetup: As BTC is having no signs of reversal currently, it is time to take advantage of this window and short some coins. TRX is one of them. TRX is bearish on 1h, 4h and daily timeframe, increasing the probability of success for this trade. It also breakdown from its daily support. Entry: We will wait for a macd to cross up and then cross down again before we enter the trade. This will be ideally the 1 h 20 EMA SL: We will trail using 1 ATR above the 50 EMA TP: The next daily support at 0.0563975
FTX:TRXPERPShort
by Serene_Crypto
TRON - TRX - Double bottom - Position - Long-termA double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal. Rounding bottom patterns will typically occur at the end of an extended bearish trend. The double bottom formation constructed from two consecutive rounding bottoms can also infer that investors are following the security to capitalize on its last push lower toward a support level. A double bottom will typically indicate a bullish reversal which provides an opportunity for investors to obtain profits from a bullish rally. After a double bottom, common trading strategies include long positions that will profit from a rising security price. $TRON $TRX
BITFINEX:TRXUSDLong
by ferGOD
2