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TRON / Tether USD on BSC (0x1F7DF58C60a56BC8322D3E42D7D37A0383d42746)

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TRXUSDT_1F7DF5 trade ideas

TRXUSDTThis is a 1D frame analysis for TRXUSDT The price is fluctuating within the supply and resistance zone and if it fails to establish itself above the resistance line, we can expect a decrease in price. However, if it is able to establish itself above the supply and resistance zone, it can move towards its second resistance line. We expect the price to return to its support zone and, following a bullish pattern, move towards the resistance zones after it hits the support line and establishes itself above it. If it breaks and establishes itself below the line, it can start moving towards its next support line after a pullback.
Long
by MarsSignals
TRX 8% Drop Likely!When taking a look at the legendary TRX, we can see that it is showing signs of weakness after failing to trade above the recent high 3 times in a rom. If price continues down, I would expect a 8% drop to the golden pocket which lines up with the horizontal support . Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility
TRX Short, JustLend insolvency, very asymmetrical risk-rewardReally there's no reason for me to post this here, but since ideas (at least the chart) cannot be edited retro-actively, maybe I'll get hired off of this and someone will give me 100 mill to play with at a trading desk once my theory proves correct. I believe Justin Sun's JustLend platform is insolvent and it's another Terra Luna / FTX type situation brewing. On top of that, going just by TRX's chart and TA alone, it's primed for a major correction. All other major DeFi lending platforms have roughly $1.5 - $3 dollars on the supply side for every $1 on the borrow side. Since the borrow side APYs are often 2-3x higher than supply side APYs, these numbers at glance make sense and seem sustainable, dare I even say, Allah forgive me, profitable for the platform. AAVE TVL $4.597b AAVE BORROWED $2.478b COMP TVL $1.923b COMP BORROWED $909.26m SPARK TVL $441m SPARK BORROWED $199.88m VENUS TVL $957.03M VENUS BORROWED $334.32M (Core pool) MORPHO TVL $917.95M MORPHO BORROWED $463.97M Queue Justin Sun's JustLend. For every $1 on the borrow side, there's...$55 on the supply side. Yup. It doesn't take a PhD mathematician to understand that in order for a supply-borrow ratio of 55:1 to be sustainable whilst offering DeFi market competitive APY rates, the borrowers would have to pay such obscenely high interest rates, it would put your local friendly loansharks Vlad & Olek to shame. Yet, JustLend seems to offer APY's comparable to platforms with a healthy supply-borrow ratios. How is this sustainable then? Fraud, stupidity and debauchery - going by occam's razor. So Justin Sun being a crafty little fella, wanted to get his hands on the crypto equivalent of JPow's LaserJet 9000 HP, ideally without the public's knowledge He then proceeded to recently print nearly a billion USD "worth" of TUSD, and deposit that into his platform He staked Wrapped Staked USDT (wstUSDT) because there's no borrow APY but massive supply APY. So even at 0% pool utilization from the borrower's side, there's 4.21% APY for the supply side. Where the hell is this money coming from? Well, fret not, as Justin as a one word answer for us. T-Bills. Yep. However there isn't a single iota of proof anywhere, on-chain or off-chain, that these T-Bills exists and are actually sitting somewhere, bought by real hard cash, earning that sweet sweet 5%. Furthermore, T-Bills are 5%, but some pools offer at high utilization % of the pool upwards of 30% APYs. The entirety of JustLend feels like 2 + 2 = apple pie. Nothing here adds up or checks out, but maybe I'm just too autistic to understand Justin's genius. wstUSDT, the made up "stablecoin" by Justin actually has a higher supply side APY than borrow APY. This is like your local retail bank giving you a 3% mortgage while the feds fund rate is at 5.5%. It doesn't make any sense. There could be multiple explanations for what he's doing with the printed TUSD. 1) Best case scenario, there's unironically $850~ mill sitting somewhere, actually backing these TUSD tokens 1:1. Which means he deposited the money into his own pool, in order to farm his own token, to launder money. Either "Look guys, I didn't print this money out of thin air, I farmed it in my lending platform" Or "This is not dirty money, look I launde...I mean earned it via farming it in my lending platform" 2) The unfortunately much more likely scenario, is that Justin's billion dollar airdrop isn't backed 1:1 by real cash, and quite possibly isn't backed at all due to him having direct access to the Print button. He's deposited the money into his platform to prop the failing platform up, in order to be able to cover the large discrepancy between what borrowers are paying for the platform versus the APY that has been promised to the liquidity suppliers. Possibly using the farmed tokens to swap them out for other (supposedly farmed) rewards in the backend to be able to pay out those yields. I will post more tidbits in the comments later. I'm not able to post links unfortunately, but everything I talk about can easily be verified by google.
Short
by pleasantChart82888
TRX/USDT 1DAY UPDATE !!hello, welcome to this TRX/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Tron (TRX) rose to a multi-week high on Thursday, on the back of reports claiming that the blockchain sees nearly 5 million daily transactions. TRX/USD peaked at 0.08322 earlier in the day, which comes following a low of 0.08043 the day before. As a result of today’s gains, tron has now risen to its highest point since July 30, when the price traded at a high of 0.08395. it appears that bulls are attempting to reach a ceiling at 0.08600, however, a hurdle on the relative strength index (RSI) seems to be preventing this. Price strength is currently tracking at 67.89, which is marginally below a ceiling at the 68.00 level. In order for bulls to capture their price target, this aforementioned resistance point will need to be broken. 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
4
TRX: Resistance BreakoutTRON (TRX) technical analysis: Trade setup : Following a bearish breakout from Channel Up pattern, price pulled back near $0.073 support and broke back above $0.08 resistance to resume uptrend, with upside to $0.086. It is also positive to see that during this recent downswing, price reached a bottom at ~$0.07 which was higher than during the prior major downswing at ~$0.065 and previous low of $0.06. That means price made a Higher Low , which is a bullish indication of buyers stepping up on major pullbacks. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.086.
Long
by altFINS
TRX/USDT Reversed "H&S" Pattern?Hey traders👋 TRX coin is another coin that got our attention here with a potential Reversed H&S pattern to be formed! We see that RSI is in the golden middle line where we price is being held back by upper resistance zone near market price zone! We are waiting for further confirmation of a breakout from current price before we would enter with a long position here! View is clean here and potential is also here! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
18
TRX → a head and shoulders patternhello everyone... as you can see trxusdt made a H&S pattern but we have not any confirmation that is a reversal pattern or a continuous one, however, the daily time frame shows us a bullish trend: but it is great if we get a position after the breakout, so if the neckline breakout you can get a long position! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
by melikatrader94
14