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TRX

TRX wana HELLThis currency (TRX) has surprised many these days and the only reason is that the movements are almost free compared to other currencies. I consider the upward movement of this currency to be due to positive news as well as a correctional wave(B wave). In high time frame and with Fibonacci examination, we find that she (I like to call this currency female) has touched her 0.3 line.So I expect the beginning of a downtrend.Also, with a closer look at the large volume of transactions that take place at specific times, there is an expectation of a surprising trend.Static resistance is also visible at lower timeframes. In short-term timeframes, we also see a correction process that can confirm our long-term timeframes. It also makes good sense to stay away from the general market trend of this currency, which is one of the reasons for retailers and the plans that are being made by this currency. My general conclusion is a big correction and a downfall that will come as a surprise
Short
by aliasadii
3
Confidence growth of the Tron in a falling marketTwo weeks ago, we were doing a global idea for a couple of TRXUSDT During this time, the condition was met that buyers did not allow the Tron price to fall below $0.06, which showed their strength. But even greater enthusiasm has been shown in recent days, when the whole crypto market is falling and the price of TRXUSD is rising. A positive signal can be considered the fact that growth is booming at higher volumes, interest in the coin is impressive. The critical level near which will be the struggle between buyers and sellers is in area $1. Fixing the price of TRXUSDT above the black trend line will pave the way for growth on the white route. We also traditionally offer you a medium-term trade: Entry: $0,085 Stop: $0,798 TP-1: $0,112 TP-2: $0,134 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
20
TRON | Will it make further gains? The TRON (TRX) price weakened after it moved up to its year high in April but since late July it has being showing an uptick to be valued at $.013 giving it a market capitalisation of $10.42bn by 26 October. The cryptocurrency recently surpassed 58 million accounts and has announced new development projects. Data from Tronscan shows that the total number of TRON accounts has surpassed 58 million, with more than 2 million transactions processed daily. On 26 October, there were 71.66 billion TRX coins in circulation, of a total supply of more than 100.85 billion. The company has a market capitalisation of $7.4bn, according to data from CoinMarketCap, ranking it the 30th largest cryptocurrency by total value. As of 20 August, there were more than 10 million accounts holding BTT – 20% of the total accounts on the TRON network. On 18 August, data from the CryptoRank blockchain data platform showed that the total TRON coin value locked on the TRON public blockchain broke $10.1bn, ranking it third behind the Ethereum and Binance Smart Chain (BSC) blockchains. TRON uses three-layer architecture – a storage layer, core layer and application layer. There are several modules in the TRON core layer, including smart contracts, account management and consensus, according to the company’s white paper, which offers TRON potential for growth. TRON runs on a Delegated Proof-of-Stake (DPoS) consensus in which there are 27 super representatives (SRs) that produce blocks on the chain. Every six hours, TRX account holders can freeze their accounts and vote for SRs. The protocol generates a new block every three seconds, and each block awards 32 TRX to SRs. This process allows for faster throughput than some other blockchains. Developers can create distributed applications (dApps) and customised wallets on the blockchain. Smart contracts enable TRON to develop non-fungible tokens (NFTs). The developers announced on 23 August that TRON has made a strategic investment of an undisclosed amount in the DeFine social NFT platform. The funding will be used to develop “the first NFT marketplace in the TRON ecosystem and launch auctions soon”. TRON also announced that the network’s BTFS file storage system will integrate with DeFine in September. And TRON plans to expand its NFT ecosystem with APENFT. The TRX price reached an all-time high of $0.3004 on 5 January 2018 during a strong rally in cryptocurrency prices. The markets subsequently collapsed, with TRX ending the year around $0.01. The TRON trend bottomed at $0.0088 on 12 March 2020, turning higher to reach $0.02 by the end of the year, and then bursting up to a peak of $0.1799 on 17 April as cryptocurrency markets rallied. They fell sharply over the next week before peaking again in May at $.015. The price dropped to a low of $0.0468 on 22 June, rose to $0.0698 on 29 June and then slipped back to $0.04917 on 20 July before the recent rally. TRX reached $0.0951 on 15 August, its highest price since 19 May. There was then a longer rally saw them peak in September at $0.12. Another trough and small recovery has seen the price reach $0.1 by 26 October. The moving average convergence divergence (MACD) and momentum indicators were neutral, while the relative strength index (RSI) was 59.03, indicating that TRON was a neutral. An RSI number above 70 indicates an asset is overbought, while a number below 30 indicates it is oversold. We can predict that the TRON price will drop by more than 9% to $0.093 by 25 November. We also Believe TRX/USD forecast is bullish, projecting the price will rise from $0.1039 at the 2nd week of November to $0.163 in a year's time. It then estimates the price will more than double to $0.418 by the end of 2023. TRON price prediction also anticipates that the price will rise, but at a slower rate. The price will average $0.161 in 2021, rising to $0.18 in 2022 and $0.293 in 2023. For the longer term, it projects the price will average $0.453 in 2024. It is possible for TRON to end 2021 at $0.16, rising to $0.24 at the end of 2022, but then growth will slow from 2023 to 2024 to reach $0.37. If you are looking to invest in the coin for a long-term, - Our option for #TRON is BUY AND HOLD IT. It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Please comment, like and follow if this post helped you. Thank you for your time. Have a profitable trading. | Review and analysis by Samadi.Finance |
by AliSamadiTR
TRX UPDATE 📊 TRX UPDATE 📊 Currency Pair: TRX/USDT Latest Situation: In the previous analysis, we predicted that the pair would reach its first target of 0.085. The sharp decline in bitcoin and the excessive selling pressure on the cryptocurrency market may make the above targets a bit unrealistic. Therefore, traders betting on short-term moves above 0.085 are at high risk. Direction: Short Term Risk: High Current Price: 0.0897 Up Probability: 55% Down Probability: 45% Direction: MID Term Risk: Medium Expected Price: 0.08-0.091 Breakeven Point: 0.071 Direction: Long Term Risk: Medium Expected Price: 0.085-0.12
by Dvbitcoin
TRX AND ENS - THE COINS WITH THE HIGH CHANCE - TRADING TIMETRX And ENS depending on trading study movement - shows it has a high chance for a long-term hype trend - for more reasons. The technical side The updated side TRX shows a strong technical view for the coming time - of course, is this not a guarantee, but its an option to follow the trend. About ENS - the new hype trend looks to have a start. the ENS domains that get now registered on the open sea could bring a higher effect. Let's shine the light on these 2 coins by this update tradingview - and this is not for no reason - it's because these coins have what to show. it's a long-term update - markets change all time - buts it's a technical follow. Do you also expect the same? then write for yourself why you base that, because that would be a great point for next breakouts - if this playout is right, it means your study or tools did work for this time. And as always - markets change on their way sometimes up and down - that's why a plan is a must.
Long
by Goldenbreakout
1
TRX - THE TRON POWER - ONE OF THE SELECT COINSTRX shows movement volume into small range trading The long-term goal of 0.158+ USD + is a possible trend - Depending on last chances on the coin. This view is long term view - TRX shows some important patterns, what seems that this coin could be the next breakout coin into long term view. Why increase? - TRX shows volume movement and good technical signals The above models are the expecting frames, which means there is no guarantee it will happen 100% It's important to study all-time you trades well before entering any market. It's always important to check the markets on all sides - markets can change all time. - this last one is very important.
Long
by Goldenbreakout
TRX - more bullish evidence !I have never been a great believer in this project ! Perhaps because of ignorance ... What I do know is that TRX has been in a bear market against Bitcoin and is about to break out from a monster symmetrical triangle !!! The implications of this would be huge ! Not only for Tron but also Bitcoin and the digital asset space as a whole ! That is why I stubbornely refuse to give in to the bearish narrative around crypto currencies ! Numerous projects have a bullish setup and are about to break out agains bitcoin after having been in a bear market for years !!! Please prove me wrong !!
Long
by Dangermousebanana
2
How Golden Crossover Signal Can Send Tron to $0.10Tron (TRX) flashed the golden crossover signal, which is widely considered a technical buy signal. The bullish case scenario for this cryptocurrency is also supported by the higher highs and higher lows price structure which signals that an uptrend could be developing. Golden Crossover Signal Most traders only learn to follow the 50 and 200 simple moving averages. However, not many traders know that the golden crossover signal can also occur when the 50-day moving average crosses above the 100-day moving average. Since the 100 period SMA is faster than the 200 periods SMA, we can detect a shift in the general market direction much earlier. Price Structure TRX's price is now printing a series of higher highs followed by at least two higher lows, which signals that we're starting to move upwards. Additionally, based on the RSI oscillator, TRX made a new high in momentum readings which confirms the bullish sentiment. Looking forward: There is not much resistance to the upside until the $0.10 psychological number. On the flip side, we have a strong support level at $0.058. As long as we stay above this support level, TRX has the potential to reach the $0.10 milestone.
by cryptohopper