TRXUSDT_26B410 trade ideas
TRX Tron Potential Death Spiral similar to Terra LUNAHistory repeats itself for those who haven't learned from it.
SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.
Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but...
The reason for the potential collapse of TRX Tron is their stablecoin, USDD.
According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.
This is the USDD collateral:
TRX 10,929,535,279
BTC 14,040.6 = about $313Mil
USDT 29,964,253
USDC 39,719,839
so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil.
Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion.
Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654.
Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin".
Looking forward to read your opinion about it.
TRXUSDT - Optimal option for position with PWH. LFT Confirm ⏺Short Entry Zone: 0.06719
TP1: 0.06375
TP2: 0.06195
TP3: 0.06020
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⏺Trend-Line: 0.06850
⏺STOP LOSS: 0.06878
🫥After reaching the first target you can put the rest of the position to breakeven
❄️The optimal option for opening a position with PWH near the accumulation of liquidity.
I am waiting for a consolidation in this range, so that I can get the SWIP collection of liquidity.
Also, the best confirmation for this position at its opening will be the breaking of the structure on the LFT
Tron TRX Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My Tron TRX Price Targets:
TRX/USDT short
Entry Range: $0.060 - 0.066
Price Target 1: $0.055
Price Target 2: $0.045
Price Target 3: $0.030
Stop Loss: $0.074
TRX/USDT Calm Before The StormGood morning guys ✌️
Saying here "Calm Before The Storm" is exactly what needs to be said. RSI is waiting, BB indicator is neutral (Where is it sitting in the middle of its zones), EMAs have been holding price near them for some time now. Here is expected some major movement soon to happen but which way? Well this we will leave up to you - which way do you think we will move from 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.
TRX CAN DROP AGAINHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TRX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TRX: Potential Bearish ScenariosTRX: Potential Bearish Scenarios
I am looking at for a potential selling opportunity following the latest BTC
price development and also the problems that TRX is having as well.
"The #SEC also declares that Justin Sun orchestrated a scheme to manipulate
the price of #TRX in exchanges using different accounts involved in daily wash trading activities" as reported by many news agencies.
You may find more details in the video.
Thank you and Good Luck!
TRON TRX price is under serious threat. Be careful!At first glance, the price of TRXUSDT has finally broken out of the 2-year consolidation and even managed to test the consolidation from above.
With any other cryptocurrency, after such a pattern, one could say with great confidence that it is safe to buy it, as the price is likely to continue to rise.
But not in the case of TRX, because yesterday the SEC filed a lawsuit against Justin Sun, the founder of TRON, accusing him of market manipulation, selling unregistered securities, and fraud.
The only question we have is: what took so long? After all, these sins of San's have been going on since at least 2017, when it was "pump season".
So if you want to buy TRX now, you better think twice about whether you need it.
If you still want to buy TRX, then remember what happened to the price of Luna and FTT.
Who knows what will come to light during the trial and investigations?
Well, Justin Sun can only guess)
And if he did know something and he is smart, he could easily sell off his TRX for 2 years while the price was in consolidation.
There are many questions and few answers, but soon there will be more.
We have shared our thoughts, and the decision is, as always, up to you.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
TRX Tron the next to fall?I think TRX Tron is the next to fall after BNB Binance Coin.
The reason is their stablecoin, USDD.
According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX, BTC, and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.
This is the USDD collateral:
TRX 10,929,535,279
BTC 14,040.6 = about $313Mil
USDT 29,964,253
USDC 39,719,839
so besides TRX, the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil.
Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion.
Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654.
Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin".
Looking forward to read your opinion about it.
✅TS ❕ TRXUSD: broke up the triangle✅✅ TRX/USDT trades above the range.
The price has broken through the trend line.
We expect growth to continue. ✅
🚀 BUY scenario: long to 0.0687. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
TRX/USDT Looking For Short HereHey, traders ✌️
Let's keep it simple here, we see a good chance for a breakdown to happen which can result to a major drop (up to 14%). We are waiting for additional confirmation of drop and we good to go))
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.
TRXVIP call
LEVERAGE: X5-10
FLAG — A Continuation Pattern. A flag is a period of congestion, less than
4 weeks in duration, which forms after a sharp , near vertical, change in price.
The upper and lower boundary lines of the pattern are parallel, though both
may slant up, down, or sideways. In an uptrend, the pattern resembles a
Flag flying from a mast, hence the name. Flags are also called Measuring or
HalfMast Patterns because they tend to form at the midpoint of the rally or
reaction. Volume tends to diminish during the formation, and increase on
the breakout. Minimum Measuring Formula: add the distance from the
breakout point, which started