TRU, GOT PUMP?Salve
How you doing traders? are you shortin guys?
Today I'm gonna introduce you TRU, It is a DeFi uncollateralized lending protocol developed by the TrustToken team. Lenders can borrow cryptocurrencies with predictable loan rates without the need to pledge collaterals like Aave, Compound, and Venus. In the long term, TrueFi aims to become a market-driven, automated credit rating and lending system. This will demand building beyond the rigid, conservative constraints such as minimum/maximum APY and high TRU participation factor. It will also require increased levels of responsibility from users, especially for onboarding new borrowers beyond the pre-approved whitelist and approving new loan types.
sometimes it's better to have a wider view and don't panic in the crypto
where are those genius YouTubers now?
Ciao
TRUUSDT trade ideas
Possibility of purchase on TRU / USDT and entry point D1TRU / USDT is in a triangle in the compression zone with an Rsi in the underbuy zone.
So this signal tells us that we are in a secondary uptrend and the dominant presence of bulls.
It is about to escape from the top following the bounce on point (E) with a resistance test zone
and another that follows the neck line to give way.
Once this one passes we will have the validation of a rise with a last previous resistance of confirmation in addition on pull back in order to move towards the last horizontal resistance.
Now the question is to know if we are going to breakout with force and especially volume the structure.
Buy in breakout or pull back if this scenario continues and reversal after the first hit line if the future market is no longer of long-term interest.
This is not investment advice but just recommendations.
Keep your point of view critical! Reduce your exposure, the market can change at any time.
Thank you for taking the time to read my analysis.
Comment in the description space on your ideas.
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TRUUSDT - AnalysisEngineeringRobo is bullish for TRUUSDT at the moment. If you consider buying wait for the daily close above the 0.5 area support line
As long as EngineeringRobo is bullish and the candles are above the uptrendline no need to hurry to sell it.
If you want to make the quick profit, you can sell it at the first resistance level (0.63 area support line) .
Otherwise, just follow the signals.
TRU.USDT (Y21.P2.E1).Nice formationHi All,
This crypto alluded me, never looked at it until now and having had a look after someone stating on Youtube that it will be big (who knows), with these letters $_R_ (missing) I thought I give this one.
TrueFI or TRU might be the one he was alluding to. It turns out he was talking about Truebit TRU.
Having looked at this chart, it makes a lot of sense, as I labelled it.
Currently inverted H&S taking place which I missed out but also I have highlighted how to play this if it hits these levels.
Note the structure and fib levels. I only suggest what might take place but its only a suggestion but the key thing is, its going up.
The 0.5 fib level will be a pause in this uptrend.
I'll leave the rest for you to work out how to trade it, as my post highlights key levels.
All the best,
S.SAri