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Tron

TRON TRX price is under serious threat. Be careful!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 a lawsuit against Justin Sun, the founder of TRON, accusing him of market manipulation, selling unregistered securities, and fraud. The only question we have is: what took so long? After all, these sins of San's have been going on since at least 2017, when it was "pump season". So if you want to buy TRX now, you better think twice about whether you need it. If you still want to buy TRX, then remember what happened to the price of Luna and FTT. Who knows what will come to light during the trial and investigations? Well, Justin Sun can only guess) And if he did know something and he is smart, he could easily sell off his TRX for 2 years while the price was in consolidation. There are many questions and few answers, but soon there will be more. We have shared our thoughts, and the decision is, as always, up to you. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45
TRX Tron the next to fall?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 set at 120%. This is the USDD collateral: TRX 10,929,535,279 BTC 14,040.6 = about $313Mil USDT 29,964,253 USDC 39,719,839 so besides TRX, the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil. Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion. Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654. Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin". Looking forward to read your opinion about it.
Short
by TopgOptions
3
TRX triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. 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 (TP) : height of the triangle projected from midpoint of the local range @ 0.06905 REWARD RISK RATIO (RRR) : 3.3 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
TRX inverted H&SIn 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 for run to 0.08555 and even higher. The yellow uptrendlines could act as a guide. INVALIDATION (SL) : Right Shoulder @ 0.05879 TARGET (TP) : Inverted H&S target projection @ 0.08555 Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
3