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TRON

Tron is dying? New Luna?😱😱😱Tron dropped 18% and looks like it only accelerates. It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply. How death spiral may look like? As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on. I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
Short
by Artem_Dishel
3
TRON (TRX) - June 8hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSDT 1W Chart) From a mid- to long-term perspective, if the price holds above 0.07192, we expect the uptrend to continue. However, the key issue is whether it is supported by rising above 0.08631, the primary resistance section. (1D chart) If it finds support and rises in the 0.08223-0.08631 section, it is expected to surge. So, the key is whether it can move higher than 0.08631. (buy) - After confirming the support in the section 0.08223-0.08631 (Stop Loss) - When resistance is received by falling in the range of 0.07451 - 0.07679 - When it falls below 0.07070 (Sell) - When receiving resistance in the range 0.11228-0.12526 ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Tron USDT Up or down, time will tell. These are suggestions for what might happen. You could already buy around now, if you have low leverage and can have some space for stop loss. Or you could wait and see if price breaks temporary trend line, enter at the lower support line, or wait to see if price breaks down below lower support, and take a short to the downside of the range. Good luck! God bless you all! PS. I do not swear to abide to house rules, cause Jesus told us never to swear by anything. But Yes, I comply with house rules. Regards ThomChris
by thomchris777
TRX/USDT : Waiting for clear trend validation (Triangle Pattern)---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily Chart Basis ------- TRX/USDT : Waiting for clear trend validation (Triangle Pattern) Context The TRON chain and its native token TRX have managed to outperform the major cryptocurrencies amid the recent market crash. The successful performance of TRON’s stable coin USDD has made a major impact on the surge of Tron’s total value locked (TVL). However looking at the technical elements, TRON is shaping a consolidation in triangle pattern which can triggered either a bullish or Bearish exit. A clear directional signal will be provide by surpassing or penetrating the Tactical Neutral levels. Market configuration - Graphical Elements : Graphical support = 0,052 & 0,011 - Mathematical Indicators: EMA ( Exp Moving averages) are supporting the market - however globally flat following the triangle wave = Neutral RSI indicator (below) is at 50% = Neutral - Elliot & Harmonic Wave (Fibonacci): (i) Intermediate consolidation in 'Triangle' (a) (b) (c) (d) (e) (X) is in progress (Blue line) Fibonacci resistance in the current wave (d) = 0,1040 Fibonacci support of the wave (e) (X) = 0,0520 Fibonacci Bullish Target = 0,2610 (ii) Consolidation in classic downside range (Flag) - (X) Fibonacci bearish Target = 0,02390 Conclusion At this stage to early to give a directional picture on TRON on the mid-run, even if at this stage there is a slightly preference for a bullish exit, the global crypto situation is tricky and the last recovery on TRX is coming from the launch of a new Stable coin. It would be more secure to wait a clear directional validation before taking position. Neutral case (i) => Holding above 0,0520 and bypassing 0,1040, a triangle bullish exit will open 0,2610 Neutral case (ii) => Holding below 0?1040 and penetrating 0,0520, a classic downside trend will open 0,02390
by JeanJean1983