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TRXUSDT.PS trade ideas

TRX parallel channel HH-LH patternCurrently, TRX is engaged in trading within a parallel channel, characterized by a robust lower support line that has facilitated five instances of price recovery, and an upper resistance line from which TRX has retraced on four occasions. Notably, TRX has recently established local highs within its Higher-High and Lower-High pattern. The prevailing price action suggests that TRX is poised to interact with the lower support line of the parallel channel, a crucial juncture that is expected to dictate its forthcoming trend trajectory.
Short
by LuqmanEjaz
TRX analysisPresently, TRX is confronted with a horizontal resistance barrier situated at 0.082, while a corresponding support level rests at 0.077. The resilience of the 0.082 level is underscored by TRX encountering two instances of reversal from this threshold. Furthermore, it is noteworthy that a higher resistance tier, 0.092, follows beyond the 0.082 level. In terms of support, the subsequent levels stand at 0.071 and 0.064. The preservation of TRX above the 0.0649 level assumes significance for the continuation of its upward momentum. A breach beneath the 0.064 level would effectively invalidate the Higher-High and Higher-Low structural pattern.
Short
by LuqmanEjaz
Ascending Channel Growth and Price Range ExpectationsTRX experienced significant growth within its ascending channel, surpassing the resistance of the previous ceiling and reaching a price range of $0.080. If the $0.070 level, which was previously a resistance, can now act as a support level, it is likely to trigger a positive response within this range. However, the price has recently undergone a correction, and a return to the support level may lead to renewed growth and the breaking of the previous ceiling. The primary target for TRON is the resistance range of $0.085. It is important to note that the selling pressure around the $0.080 range has reduced the likelihood of a quick reversal and a breakthrough of this resistance. Consequently, there is a possibility of forming a range zone between the current price levels.
by MonoCoinSignal
3
The Tron shuttle will continue charter flights for Tron coins.💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,485,000 USD) minted at Tether Treasury Transaction Details Blockchain Tron Timestamp 1 minute 7 seconds ago (Wed, 12 Jul 2023 07:24:51 UTC) Hash c2fcb6977d0c5e306b154b7281322f58444be838a8ca423af118359abe82acee This is a serious claim from Justin Sun. Shuttle commander Tron made a decision. We'll take some of the profits from Justin Sun. And we will return with a profit and Tron coins.
by vit1000cc
9
Brief Analysis ——TRXToday, we bring a brief analysis of two more popular tokens. They are TRX and DYDX. From the beginning of 2023, TRX rose with fluctuation and the price maintained a movement within the bullish channel (green range). Even on June 10th, when the SEC brought FUD to the whole market, the fall of TRX was not destructive. After that, the price returned to the previous high again. Recently, the price attacked the resistance level 0.085 twice but failed. Subsequently, the bears gained power and three long red candles formed. The fall was accompanied by increased volume, and there does not seem to be any strengthening for the bulls. Conclusion: The high probability fall has not ended. On a large scale, TRX remains bullish, but on a small scale, bears was much ahead. So we come to this conclusion. The bulls may gain strength after the price approaches the green dotted line. We set this week's resistance level at 0.085 and support level at 0.068. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
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
✴️ Tron Ascending Channel With Targets (115% Potential)Tron (TRXUSDT) has been growing since March 2020, higher highs and higher lows, more than 3.3 years. We will not go that far back but instead will focus on current price action. We see a nice uptrend, ascending channel, since November 2020 and the chart signals are telling me that this pair is about to pick up momentum. ✔️ EMA300 and EMA200 were tested as support recently, last month, and held beautifully. ✔️ Now we are seeing five 3D sessions closing green, that's 15 days of green with prices trading above EMA10 and EMA21. ✔️ The MACD is above zero and about to print a bullish cross with a strong RSI. This all points to higher prices with the main support being at EMA50 (0.0698) and EMA300 (0.0660). Now the targets: 1) The first jump can produce 55% at around $0.121. 2) The second jump can reach higher and hit 116% at $0.167. These are easy targets for this bullish wave. Namaste.
Long
by AlanSantana
8
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 (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