TRON / USDT
0.3542USDR
+0.0022+0.64%
Price in USDAs of today at 04:34 GMT
USD
No trades
0.3542USDTR
+0.0022+0.64%
Price in USDT
TRXUSDT_1F7DF5.USD trade ideas
Another quick look at Tron TRXUSD
Firstly, I prefer to disclose that I have CFD Long holdings in Tron. Now, I rebought only very very recently, this would be my 3rd round of buying in about as many month's, CFD's for mind encourage liquidity due to 'swap-rates' which are basically overnight holding rates because it must be remembered that we are mostly borrowing funds from our broker but that percentage amount of how much is borrowed varies depending on how much I buy for example in TRXUSD and how much my available margin amount is.
Do you think CFD;s are better for buying Crypto's, I suspect there are for and against campers'.
I want to keep my writing brief going forwards as people already are bombarded with too much trading info.
Did you know that Tron is the most profitable Crypto currently, says so in the following article.
www.tradingview.com
Lastly, I have posted a 1Hr chart to the left of screen and the daily to the right, both charts for Tron show a bullish breakout from a point denoted with a green broken vertical line.
Further, confirmation in recent days that Bitcoin is now breaking out and in case you are wondering I captured this very recent breakout using ChartPrime's 'smart money indicator' which is free for trading view people. Any Q's don't be shy.
TRON (TRX): Bearish Momentum Continues as Price Approaches Key 🔥 Potential Price Targets for Next Month:
🩸 Near-term Goal: $0.24
🩸 Long-term Goal: $0.19
🔥 FinCaesar's Strategy:
🩸 Short: Below $0.25, targeting $0.24 and $0.19. Bearish MACD momentum and consistent selling pressure suggest further declines.
🩸 Long: Above $0.28, aiming for $0.30 and $0.32. A reversal would require significant bullish volume, which remains uncertain.
🔥 FinCaesar's Commands:
🩸 Resistance: $0.28 — A critical level for bullish momentum to challenge.
🩸 Support: $0.19 — A breakdown below this level could signal further downward movement.
TRON remains in a bearish setup, with MACD showing weakness and the price failing to break above resistance. A failure to hold $0.19 may lead to deeper declines in the coming month.
👑 "Victory comes to those who act decisively—don't hesitate." — FinCaesar
TRX on the RiseThe recent surge in the price of TRON ( CRYPTOCAP:TRX ) has set the digital asset space abuzz, which has now caught the market's eye more than ever following bold statements from its founder, Justin Sun. Sun's comparison of TRX to XRP, especially in the wake of XRP's significant rally, has not only sparked investor interest but also reignited discussions about TRON's potential in the altcoin market. Here, we delve into both the technical and fundamental aspects that are driving TRX's current market dynamics.
Fundamental Analysis:
Project Vision and Utility: TRON was conceived to revolutionize digital content ownership by empowering creators directly with blockchain technology. Since its inception in 2017, TRON has evolved from an ERC-20 token on Ethereum to its own independent network. This transition underscores its commitment to providing a platform where content creators can earn directly from consumers without intermediaries. This model of direct-to-consumer interaction could be pivotal as digital content consumption grows exponentially.
Market Position:
With a current market cap hovering around $20 billion, TRX ranks among the top cryptocurrencies, indicating robust investor confidence. The platform's focus on decentralized applications (dApps) and its support for smart contracts places it in competition with giants like Ethereum, yet TRON distinguishes itself by targeting the content creation sector, potentially carving out a unique niche.
Leadership Influence: Justin Sun's active engagement on social platforms, where he likened TRX to XRP, plays a significant role in shaping market sentiment. His vision for TRON as the "next XRP" taps into the current narrative where XRP has shown substantial growth due to legal clarifications and market sentiment shifts. Sun's comparison might not just be about price but also about TRX's potential role in the global financial ecosystem.
Technical Analysis:
Price Movement: TRX has experienced a notable rally, with a 17% increase in a single day, pushing its price to $0.236. This surge has been accompanied by a dramatic rise in trading volume, up 116% to $2.49 billion, demonstrating strong market interest. Over the past week and month, TRX has shown gains of 23% and 44%, respectively, illustrating a consistent upward trajectory.
Technical Indicators:
Relative Strength Index (RSI): Currently at 80, the RSI suggests that TRX is in overbought territory, which might hint at an impending correction or consolidation. Investors should watch for potential pullbacks to the 38.2% Fibonacci retracement level as a buying opportunity if the selling pressure subsides.
Three White Soldiers: The recent chart pattern, known as 'Three White Soldiers', indicates a strong bullish trend, where three consecutive long-bodied candlesticks signal a reversal from a downtrend to an uptrend, reinforcing the current momentum.
Market Sentiment: Despite signals of potential overbuying, the market sentiment around TRX remains bullish, fueled by Justin Sun's statements and the general altcoin market dynamics. The increase in futures open interest to $184.82 million suggests that traders are betting on further price increases.
Market Reaction and Future Outlook:
Speculation and Hype: The market's reaction to Sun's statements has been immediate and positive, with investors jumping on the bandwagon, speculating that TRX could indeed follow XRP's path. However, the sustainability of such a surge depends on more than just hype; it requires continuous development and adoption of TRON's ecosystem.
Challenges Ahead: While the comparison with XRP is compelling, TRX must navigate its challenges, including competition from other blockchain platforms, the need for more widespread adoption of its dApps, and maintaining its technological edge.
Investor Strategy: Given the technical indicators, short-term traders might look for entry points during any dips or consolidation phases. For long-term holders, the focus should be on TRON's adoption rate, partnerships, and the expansion of its DeFi ecosystem as these will likely be the true drivers of sustained value growth.
Conclusion:
TRON's recent rally, bolstered by Justin Sun's provocative comparison to XRP, has indeed placed it under the spotlight. While the immediate future might see some volatility due to overbought conditions, the fundamental vision of TRON, coupled with its technical performance, suggests a cryptocurrency with significant growth potential. Investors and traders should keep a close eye on both the technical charts and the broader market trends, as well as TRON's strategic moves in the blockchain space, to make informed decisions. However, as always, the crypto market's unpredictability requires caution and a well-thought-out investment strategy.
TRX/USDT - The MoonTRON is heading towards its apex, once it squeezes at that level, it will blow out, this will happen sooner than later, possibly in the next few months, target is 3-5 USD with an insanely deflationary model and the fastest blockchain for payment processing, nothing is stopping this beast.
TRX/USDT Chart Analysis TRX /USDT Analysis
Double Bottom Formation Confirmed ✅
A bullish Double Bottom pattern has been fully formed, suggesting a potential upward trend.
This setup is often a precursor to a strong breakout, particularly after a prolonged downtrend.
Breakout Targets 📈
✔️ Target 1: $0.3175
✔️ Target 2: $0.3501
✔️ Target 3: $0.3890
💡 Note:
Watch for confirmation above the neckline to validate the breakout.
Increased trading volume will strengthen the upward momentum.
Stay cautious and trade with strategy! 🚀 #TRX #CryptoTrading #DoubleBottom
TRON (TRX): Poised for a Defining Move🔥 FinCaesar’s Commands:
🩸 Resistance: 0.265. Breaking above could push TRX toward 0.312 and 0.350.
🩸 Support: 0.252. A drop below this level exposes 0.221 and potentially 0.180.
🔥 FinCaesar’s Strategy:
🩸 Buy: Above 0.265, aiming for 0.312 and beyond. Strong volume is crucial for confirmation.
🩸 Sell: Below 0.252, targeting 0.221 and possibly 0.180. Protect positions as the trend develops.
👑 "Precision in action leads to control over the market. Act wisely." — FinCaesar
TRON: A Moment of DecisionTRON trades at 0.256, testing critical levels. The next move will define the direction of this trend.
🔥 FinCaesar’s Commands:
Resistance: 0.26. A move above opens the path to 0.31.
Support: 0.24. Falling below could lead to 0.22 or lower.
🔥 FinCaesar’s Strategy:
Buy: Above 0.26, aim for 0.31.
Sell: Below 0.24, target 0.22 or lower.
"Strength lies in clarity. Make your move." — FinCaesar
TRX Perfect Bat Harmonic, Complex Correction, Double BottomTRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar.
All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
3 Altcoins Pumping Again Soon!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark!
Here's an interesting one about altcoins in a deep correction phase after an aggressive pump:
BINANCE:NEOUSDT
After a 200% surge, NEO is currently in a correction phase and rejecting the $15 demand zone.
As long as the $15 support holds, a expect a bullish continuation towards the $21 supply and then $25.5 previous major high.
BINANCE:TRXUSD
After a 180% surge, TRX is currently in a correction phase and rejecting the $0.25 mark.
As long as the $0.25 holds, a expect a bullish continuation towards the $0.33 supply and then $0.43 previous major high.
BINANCE:QTUMUSDT
After a 180% surge, QTUM is currently in a correction phase and rejecting the $3.5 demand zone.
As long as the $3.5 holds, a expect a bullish continuation towards the $4.8 supply and then $5.7 previous major high.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
TRX bull run is near to end?After seven years, TRX has reached a significant milestone and might peak at $0.72. This level marks what appears to be the final phase of its impulsive wave structure, signaling a potential conclusion to its long-term bullish cycle.
Note of Wave 1 and wave 4 of micro degree - Lenient Interpretation : Overlapping wicks may be permissible if they represent a temporary price action anomaly (e.g., a flash spike), and the body of Wave 4 does not enter Wave 1's price territory.
Resistance? TRXUSD Says ‘Not Today’
TRXUSD: Breaking Resistance with New Highs 🚀
TRXUSD has historically been constrained by the strong resistance zone between $0.18 - $0.33 , despite the consistent formation of higher lows indicating mounting bullish pressure. However, the price has now achieved a new all-time high , successfully breaking above this resistance.
Currently, if the price remains above the $0.30 level , the next potential target emerges at $0.75 . This projection is based on the prior retracement before the breakout, overlaid as a measurement of expected upside momentum.
👨🏻💻💭 What are your thoughts on TRX’s potential to hit $0.75? Share your analysis and let’s discuss this breakout together! 📈
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Tron (TRX) Climbs to New Highs - What's Behind the Recent Rally?Exploring the Surge: Tron (TRX) Climbs to New Highs - What's Behind the Recent Rally?
Tron (TRX) Soars to New Heights: A Deep Dive into the Recent Rally
Tron (TRX), a decentralized platform that aims to build a worldwide free content entertainment system with the blockchain and distributed storage technology, has recently experienced a significant surge in price. This rally has caught the attention of seasoned investors and cryptocurrency market newcomers.
The 100% Rally and Beyond
In a remarkable display of bullish momentum, Tron's price surged over 100% within a 24-hour period, propelling it to a new all-time high (ATH). This extraordinary growth ignited a wave of excitement and optimism among crypto enthusiasts. The question on everyone's lips: Could Tron be poised to reach the $0.5 mark?
Technical Analysis: A Bullish Outlook
To gain a deeper understanding of Tron's recent price action, let's delve into a technical analysis of its one-hour chart.
• Reclaiming the 20 MA: One of the key indicators of renewed buyer interest is the ability of a cryptocurrency to reclaim its 20-day Moving Average (MA). When Tron successfully recaptured this crucial support level, it signaled a potential shift in market sentiment from bearish to bullish.
• Bullish Momentum: The upward trajectory of Tron's price, coupled with increasing trading volume, suggests strong underlying bullish momentum. This momentum can often drive prices higher, especially when supported by positive market sentiment and fundamental factors.
• Potential Resistance Levels: While Tron's recent rally has been impressive, it may encounter resistance at certain price levels. Identifying these potential resistance zones can help investors gauge the extent of the upcoming price movement.
Fundamental Factors Driving Tron's Rally
In addition to technical indicators, several fundamental factors have contributed to Tron's recent surge:
• Growing Ecosystem: Tron's ecosystem has been expanding rapidly, attracting a diverse range of projects and applications. This increased adoption and utility have positively impacted the demand for TRX tokens.
• Strategic Partnerships: Tron has forged strategic partnerships with various organizations, including BitTorrent, a popular file-sharing platform. These collaborations have strengthened Tron's position in the blockchain industry and boosted its visibility.
• Positive Market Sentiment: The overall bullish sentiment in the cryptocurrency market has also played a role in Tron's price appreciation. As investors become more optimistic about the future of digital assets, they are allocating more capital to promising projects like Tron.
The Road Ahead for Tron
While Tron's recent performance has been undeniably impressive, it's important to approach any investment with caution and conduct thorough research. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
As investors look ahead, they should monitor key factors such as:
• Market Sentiment: The overall sentiment in the cryptocurrency market can significantly impact Tron's price.
• Regulatory Developments: Changes in regulations can have a profound effect on the cryptocurrency industry, including Tron.
• Technological Advancements: Continued innovation and advancements in blockchain technology can drive Tron's growth and adoption.
In conclusion, Tron's recent 100% rally and reclamation of the 20 MA on the one-hour chart have ignited a wave of optimism among investors. However, it's crucial to approach this bullish momentum with a balanced perspective and consider the potential rewards and risks of investing in cryptocurrencies. Investors can make informed decisions about their Tron investments by staying informed and conducting thorough research.
Did you miss TRX?with the bull-run on your table, 7-star is on full throttle. We had good buy and Fbuy prints and the perfect sell print too. TRx ride was very massive. No one would product Trx would do 30x.
Now it's consolidating and let's see the next buy print for Trx
DYOR
For indicator access you can contact me
Tron breakout has been climbing my dotted measured move lineEver since it broke up from the cup and handle pattern that I posted a chart about a week or 2 ago price action has been climbing the measured move line like a staircase this whole time so far. Always a remarkable thing to witness imo. You cant really get a good view of how it has been climbing this line on the previous chart idea I posted on it because its all the way zoomed out to show just how high the end target of this dotted line goes, and I think it. May have also been on the weekly timeframe where as this chart here is showing the daily and is more zoomed in to properly illustrate how price will often climb the measured move line after validating a breakout. So far this is a text book example of such behavior. Hopefully it continues to do so. I will post a link to the previous Tron idea with the more zoomed out look at the chart below as well. *not financial advice*
TRX/USD Major trend. Channel. 17 11 2023Time frame 1 month. The ascending channel. A large triangle is forming in it with a base of about +550% (classic target workout from resistance breakdown).
Secondary trend. Time frame is the same as 1 month. Triangle zone.
Since the time frame is maximum 1 month, I set the maximum possible targets for the asset. Extremely strong resistance of the cryptocurrency, which from ICO +5500% (despite the conditional redistribution earlier several times) is a meridian channel (highlighted with a dotted line). I emphasize it.
To earn consistently, you need to set adequate goals for most of the position. You can keep a small part of the whole position (not necessarily), for maximum "probability zone targets" (percentages are shown for clarity). After all, you can afford it since you will be in profit from the main position.
When does the pump on large capitalization cryptocurrencies happen?
Pumped when "the hamster is not scared", that is, at the very peak of market marketing. Although it is worth noting that pumped coins with large capitalization very rarely reach the so-called "probability" zones, and if it happens, then for a very short period of time. Pumps come (liquidity, large capitalization, HYIP) often on the last 5 waves of bitcoin pump (overflow of large capital money) in the distribution phase or on the pullback after it.
TRX can be pumped under government events like BNB in 2020 ?
BNB / USDT. Ascending channel. Cycle. Wedge. Reversal zones.
Published 15 10 2020. Pumping +5500%
From the average set price (at already +15,000% price values), the pump in the trend has occurred over +4400% to the highs of the distribution zone.
BNB key capitulation zone, bottom, overpowering historical highs and super dump (probability zone):
🟣 Reset zone (carnival dump) $6.3$
🔴 Zone of equalization and price consolidation after the dump 11.18$
🟡 Zone of local ascending channel breakout (channel in channel) 39$
🔵 Peak reset zone in the distribution cycle 670$
❓Do you think it is possible to repeat the BNB HYIP on a notional Chinese blockchain TRX (in a country where supposedly cryptocurrencies are banned at the moment, but mass digitalization is underway) through which billions of dollars are transferred into USDT (cryptocurrency market pump) daily?
By the way the charts are conventionally similar in meaning (trend holding on huge profits). Can TRX like BNB at one time make a super Pump on a large % already while holding on to a huge % profit? That is, will TRX cryptocurrency repeat the previous BNB hype given the usefulness of blockchain and the adoption of blockchain by a number of countries "now" and in the future?
Action tactics. Super Pump. Risk Management.
Quite possibly, but for very large sales targets (hamster) I would allocate probably no more than 5-10% of the total crypto coin position. And still in the market allocation zone I would keep these coins not on wallets, but in stop-loss to protect a very significant profit. To make big money (ta in general to earn at a distance), it is necessary to have an account of every penny and not to play in the casino, but only in the allowable, predictable risk.
Pump/dump and super profit of "investors". ICO price
It is worth noting that with ICO 2017 price is now about +5500% Price of token (then on ETH-ERC20) ICO: 1 TRX = 0.00000038 BTC ICO was fair, anyone could buy a token, which subsequently in 3 months will grow in value on the pamp method "stick" in 100 times.
The capitulation zone (probability no more)). Repetition is the mother of learning.
Partial reallocation of large holders (traders and investors) was in 2020 as well as most assets thanks to shaking out -60% in a couple days on 03 2020 from the accumulation zone. Will it happen again or not? Yes/No, you should always be prepared in any trend for such a hypothetical event that could significantly increase your asset holdings and deposit afterwards in the final unanticipated capitulation of the markets (multiple).
Secondary trend. Time frame 3 days.
