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SUN Chart Analysis + Project OverviewSUNBTC grew by 49% yesterday alone... Up to 60% in the past three days. Yesterday we had a very strong bullish candle and the highest volume since this pair was added to Binance. This type of bullish action can lead to additional growth. For trading though, you still need a plan... What to do if prices go down? Keep the trade or close (set a stop-loss)? When to sell as prices go up? Keep the coins or secure profits (set up some profits targets)? This is as simple as it gets... Here is the project overview. Thanks a lot for your continued support. Namaste. ------- What Is SUN (SUN)? SUN (SUN) is a cryptocurrency designed to further the development of decentralized finance (DeFi) on blockchain network TRON (TRX). Described as “the quintessential Bitcoin equivalent on TRON,” SUN is a voluntary project which runs on TRON’s TRC-20 token standard. A dedicated community administers operations via smart contracts. SUN’s genesis mining phase began at the start of September 2020, lasting for two weeks before the official launch. Participants can stake TRON’s TRX token or other TRC-20 tokens to earn rewards and governance rights for SUN. Who Are The Founders Of SUN? SUN is closely associated with TRON, and conspicuously bears the surname of TRON’s founder, Justin Sun. Sun is a well-known figure in the cryptocurrency community, infamous for his vocal promotion of TRON and discussing cryptocurrency with Warren Buffett at a lunch for which Sun paid $4.5 million. Sun has publicly promoted SUN, and while the identities of its developers themselves have not been formally revealed, a dedicated community is tasked with its operations and growth. True to the DeFi mantra, all activities and updates are executed on smart contracts in accordance with community governance procedures. SUN’s whitepaper calls it a “social experiment,” and plans for the future state that the token “may also take part in decentralized lending, insurance, liquidity, stable coins, etc.” What Makes SUN Unique? SUN’s main purpose is to exist as support for the TRON protocol, which aims to create a decentralized internet ecosystem. SUN specifically focuses on DeFi and aiding its uptake and infiltration on TRON’s blockchain. As such, its function mimics that of the native tokens of DeFi platforms, and rewards users for staking other coins and involving themselves in governance procedures. Its appeal will, of course, be to existing TRON users and those familiar with DeFi staking and related activities. Profitability appears to be a question mark as of September 2020, the month of SUN’s launch. According to the whitepaper, developers privilege “fair” token distribution and did not accept any funding, nor was any SUN reserved for them or TRON team members. This is in contrast to TRON itself, which raised over $70 million in an initial coin offering (ICO) in 2017.
SLong
by MasterAnanda
1
SUN/BTC (Testing Swing Low Key Support)💎Technical Analysis Summary💎 BINANCE: SUNBTC -SUN is now testing previous swing Low key support -This is crucial because if this level breaks -The Bears can easily enter the market -If you are looking for a Bullish entry -Wait for the trendline resistance breakout -You can enter on breakout momentum or pullback -Upside target is up to 1600s sat or higher A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
S
by PolarHusk
23
SUN/USDT a new bitcoin!!!What is SUN? SUN is a social experiment, which focuses on the DeFi potential of TRON. Designed as the quintessential Bitcoin equivalent on the TRON network, SUN features zero VC investments, zero PE investments, no pre-mining or reserves for the team, and is wholly operated by the community through its open-source smart contracts. We hope to use SUN to promote the vigorous development and possibilities of TRON's DeFi self-governance community. SUN token will then become a transit center within the TRON DeFi ecosystem, serving as a cross-chain channel between TRON and external assets. The observation list of SUN mining pool community serves as a reference for mining pool listing. Holding openness and transparency at its core, the observation list will only include the most premium cryptocurrencies to provide a diverse array of staking assets for SUN community to choose from. Here is the first observation list of SUN mining pool community:
Long
by mbyz
3
Tron breaks 2 1/2 year trend to the upsideLets be honest, Justin Sun is one of the loudest people in cryto. Lots of people roll their eyes at his constant promoting of announcements. However, we have clear, significant upside movement in the last few days. A lot of this is due to the staking to get SUN tokens. This has pushed Tron above the trend line of the wick and the body of the last 2 1/2 year trendline. What's next? Tron needs to stay above the red line shown in the chart and close a daily candle above it - About 396 SATs. If it holds, we should see some bigger moves to the upside.
Long
by mwinmill
Simple analysis of trxHello friends As you can see, Tron broke the resistance in front of him and with the fundamental news published by Justin Sun, I think he is growing very well. Be profitable. Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume ). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is vahid, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch.#trx #trx
Long
by vahidzamani67
1
13.11.2019 - Tron (TRX / USD)Hi Traders! Tron (TRX) comes from China and we will take a closer look at it as it has a very nice chart. So we continue to analyze Chinese coins. We chose TRX deliberately because it hasn't yet performed anything and the graph indicates that this could change . NEO has already made strong growth, BNB and XLM are also keeping up nicely. This whole group of coins is Chinese coins. Day chart We are currently on strong support and something like a round bottom is beginning to form. We estimate it's the fourth wave. On the chart, we can again see a beautiful channel that has been broken . Thanks to Elliot's waves theory we know that the third wave always breaks the channel. It is a wave that is regularly the longest, has the highest volume and breaks resistance and trendline. This scenario suits the current situation. The chart is currently rounding up and we've seen several positive news by Justin Sun (Tron CEO) on Twitter, along with many signals from foreign groups. Globally, the chart looks really good. Will Tron follow the growth of his Chinese colleagues? According to us, yes! May the crypto be with you!
BITFINEX:TRXUSDLong
by DolleroTechnology
30.10.2019 - Tron (TRX / USD)Hi Traders! Today we are going to look at TRX coin. Tron is a big Chinese cryptocurrency and its CEO Justin Sun is a great marketer. Why are we going to analyse just this coin? Chinese president announced last week they must increase investment into blockchain and prioritize cryptocurrencies. Chinese coins immediately reacted with growth. Justin Sun has been preparing the public for big news that came just yesterday on Twitter. Does it mean growth of TRX? What does the graph say? Exactly this is cryptocurrency manipulation. If a common person read this news, he would take it as a guaranteed growth. Is that really like that? De facto, oftentimes, when some news come out, this is already included in the graph, even before common people learn about it and it's just the case with TRX too. Divergences on RSI and rising wedge doesn't mean anything positive. The overall perspective of TRX is possible growth. However, we anticipate a decline in the upcoming hours. The price is already compressed and the decline is just around the corner. We recommend considering purchase only after this decline. However, we have to wait for the style of the decline. Due to this reason, we don't highlight the purchase zone until we see the style of upcoming correction.
BITFINEX:TRXUSDShort
by DolleroTechnology