TRX Price $0.133197
TRON ROI 6909.8%
Market Cap $9,544,890,728
Market Cap Dominance 0.38%
Trading Volume $5,067,746,034
Another coin that fell off many people's portfolios after the broken hearts and lack of movement after the 2017 hype. Here are a couple of my proposed scenarios. In order for me to maintain a longer time bias to the upside and to maintain...
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.
The main trend(most of it). Logarithm. Weekly chart.
Coin in coinmarketcap : TRX
An idea to understand the trend and visualize the formation of a bullish formation in a bear market and such large size. The reversal/jamming zone is yellow levels. Quite a long time the price is squeezed the final phase of the triangle. Volatility is decreasing. At the...
The chart pattern formed before the bars pattern is acting both as a symmetrical triangle and a bullflag
This can lead to a massive jump in price very quickly
The bear market hasn't even made a dent in the prices formation of this structure
I expect this from TRON aswell, being a large and relatively popular blockchain
Things like this can happen
We've got a descending triangle pattern printed waiting breakout for confirmation.
TRX looks really bad if neckline breaks.
It can go down as much as 75% from the point of the potential breakout, this could imply that USDD could also go bust as Justin Sun fails in saving FTX and end up being the last man boarding titanic.
###NOT FINANCIAL ADVICE###
TRX has been trading in a relatively tight range since last year, that range is coming to a point now and it seems like, based on EW structure, that this triangle should break up within the next few weeks. If it doesn't break up in the next few weeks then we'll probably see it continue to consolidate into the tip of the triangle until the end of the year, before...
After unsuccessful attempts to break the downtrend line TRX tests 50EMA as resistance (1H TF)
Trading volumes have declined and the price has approached the lower boundary of the uptrend channel.
I expect a fall after the price fixes under the lower boundary of the channel.
In the realistic possibility that a vast majority of TRX is burnt in the next year, we could see a hyper deflationary spiral causing TRX to increase 35x-100x in market cap, and 3000x in price.
Based on the average burn rate of 284 million TRX per day since USDD launched, it's possible that 99% of the circulating supply of TRX is removed from circulation over the...
the pioneer when it comes to dapps gaming and staking
not to forget an OG in peddling across sectors from Buffet program all the way with building communties among Roundtables and online forums
this could de throne Solana Luna and Shiba or re claim it's top spot in the spACE
If there were any time to buy Trx, then it would be the most opportunistic moment right now. The risk to reward ratio is somewhere in the range of 20,000% from where we currently are in the price.
I really don't see Trx going any lower. Buy and hold all, we're in for an interesting roller-coaster ascent 🎢
It's amazing how accurate these signals are pushing upwards along the trend line based on previous signals. Still a danger Trx can fall downward, but it would be a temporary setback that I believe would recover in quick time if we see that scenario.
So therefore I'm still bullish for Tron! We have so much upside potentiality that it's long overdue.