TRON is a blockchain-based operating system with the goal of making blockchain technology appropriate for everyday usage. Unlike Bitcoin, which can handle up to six transactions per second and Ethereum, which can handle up to 25, TRON says that its network can manage 2,000 transactions per second. 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.
TRON has broken its objectives into six stages. Delivering simple distributed file sharing, incentivizing content production through monetary incentives, letting content producers to create their own personal tokens, and decentralizing the gaming industry are just a few examples. TRON is also one of the most popular blockchains for building decentralized apps.
Technically, when we look at the 4h chart we see an up move that started at the end of July and now it reached the resistance zone at 0,091-0,094 USDT per TRX. The higher probability move for this pair is a retracement to the blue trendline marked on the chart and then a continuation to the upside. The price could break the resistance area and retrace after. Potential targets for retracements are the blue trendline and the minor support area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TRON has broken its objectives into six stages. Delivering simple distributed file sharing, incentivizing content production through monetary incentives, letting content producers to create their own personal tokens, and decentralizing the gaming industry are just a few examples. TRON is also one of the most popular blockchains for building decentralized apps.
Technically, when we look at the 4h chart we see an up move that started at the end of July and now it reached the resistance zone at 0,091-0,094 USDT per TRX. The higher probability move for this pair is a retracement to the blue trendline marked on the chart and then a continuation to the upside. The price could break the resistance area and retrace after. Potential targets for retracements are the blue trendline and the minor support area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
