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...
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...
TRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next.
TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and...
Based on the severity of this pull back It seems like the breakout for TRX has failed, and based on the macro environment the probabilities are mounting we may briefly see new lows this year before pushing towards all time highs. This seems to be coinciding with a crash in the US banking system, which will eventually lead to a fast response by the Fed to turn the...
trxusdt (Tron) in 15M TimeFrame | As you can see, the flag pattern in this coin is quite clear, in my opinion, at this moment, the market maker is collecting coins and it will experience growth and growth again, just like the flag pole, this is a personal opinion and only for Your review will be shared
This pair has been moving inverse to Bitcoin but now it seems to be moving together with Bitcoin... This is a big change.
When the dynamic of some pairs changes, this can signal that the overall market dynamic is changing as well or is about to change.
✔️ TRXBTC while in the bearish cycle moved inverse to Bitcoin.
✔️ TRXBTC now changing to become correlated with...
We could see a move to .062 possible .064 in the daily.
However I expect further decline in the market (bearish)
In on another buy for now up to at least $0.062 but then shorting for another entry
The main trend. Breakout. Linear chart 1 week, to show the trend more clearly without market noise. Rhombus (diamond) 250%. Breakdown of the price and fixation above the resistance of the main trend (downtrend channel), as well as the aggregate of the diamond resistance edge.
Remember, 5 05 2022 starts USDD possible prepared "stream of positive news" to...
TRX had a similarly Bullish ABCD BAMM Pattern on the FTX chart but that has since played out and gotten shut down. Now we move on to currently active exchanges and we can still see a Potential ABCD BAMM and a Cup With Handle; if we can stay above the moving averages i suspect we will pump to the measured move between the 1.414 and 1.618 Fibonacci Extensions above.
TRON $TRX has been in a long long long accumulation phase, no significant big price movements for a year just about.
Indicators look bullish, money flow teetering around the mid-line, RSI looking for continuation.
I think it will be a slow mover for another week or so, but shouldnt retrace or correct any lower than 0.06, probably the bottom.
Also adjusting for...
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Tron broke up this triangle📐 and now backtested it's upper edge. I think there is chance for run to 0.06905 and even lower. Buying here makes sense to me.
ENTRY : @ 0.06270
STOPLOSS (SL) : local high @ 0.06093
TARGET...
In the beginning of this year Tron broke up the major downtrendline☝️. Then after this👇 sucessful call...
... TRX formed Inverted Head and Shoulders 🤷 on the daily timeframe and triggered the pattern by breaking the neckline up (zoom in to see the details). Price then fell back down below the neckline and recently broke up once again. I think there is chance...
