TRX✅
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Here's the Analysis of #TRX 🔥
#TRX✅ is been rejected from the build-up resistance area around $0.122. Price already facing strong sells, from major resistance area of $0.120 - $0.122 and candle close will show some bearishness in the price. Well, market turning bullish, so a fakeout is expected with that. Also, its a Inverse Head and Shoulder forming so eyes on breakout.#ETFvsBTC #BTC $TRX
#TRX✅ is been rejected from the build-up resistance area around $0.122. Price already facing strong sells, from major resistance area of $0.120 - $0.122 and candle close will show some bearishness in the price. Well, market turning bullish, so a fakeout is expected with that. Also, its a Inverse Head and Shoulder forming so eyes on breakout.#ETFvsBTC #BTC $TRX
#TRX/USDT ANALYSIS
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
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#TRX✅
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
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Tron Price Prediction: TRX Outperforms Bitcoin, Can It Hit $0.132?
Tron price is gaining pace above the $0.1220 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1250.
Tron is moving higher above the $0.120 resistance level against the US dollar.
The price is trading above $0.1220 and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance at $0.120 on the 4-hour chart of the TRX/USD pair (data source from Kraken).
The pair could continue to climb higher toward $0.1275 or even $0.1320.
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It's Big & Big #WhaleInsights About $TRX !!!
Tron Price Prediction: TRX Outperforms Bitcoin, Can It Hit $0.132?
Tron price is gaining pace above the $0.1220 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1250.
Tron is moving higher above the $0.120 resistance level against the US dollar.
The price is trading above $0.1220 and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance at $0.120 on the 4-hour chart of the TRX/USD pair (data source from Kraken).
The pair could continue to climb higher toward $0.1275 or even $0.1320.
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#TRX/USDT ANALYSIS
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
#altcoins
#BlackRock
#TRX✅
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
#altcoins
#BlackRock
#TRX✅
#TRX/USDT ANALYSIS
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
#altcoins
#BlackRock
#TRX✅
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
#altcoins
#BlackRock
#TRX✅
#TRX/USDT ANALYSIS
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
#altcoins
#BlackRock
#TRX✅
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
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#BlackRock
#TRX✅
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TRON - TRX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.101186 USDT. The next resistance located at 0.108288 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.113221 USDT. After this resistance, buyers could then target 0.120209 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
#TRX✅
TRON - TRX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.101186 USDT. The next resistance located at 0.108288 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.113221 USDT. After this resistance, buyers could then target 0.120209 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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👉👉👉 $TRX argues #SEC ‘not a worldwide regulator’ and lawsuit goes ‘too far’
Tron, the entity behind the layer-1 blockchain, has moved to dismiss a lawsuit filed by the United States Securities and Exchange Commission (SEC), arguing that the SEC lacks jurisdiction over foreign digital asset offerings on GLOBAL platforms.
Tron contends that the SEC's attempt to apply U.S. securities laws to predominantly foreign conduct exceeds its jurisdiction, emphasizing that the SEC is not a global regulator and lacks authority over offerings that occur mainly outside the United States.
The lawsuit, filed by the SEC last March, targeted Tron founder Justin Sun, the Tron Foundation, as well as the BitTorrent Foundation and its parent company Rainberry Inc., which Tron acquired in 2018. The SEC alleged that the sale of Tron (TRX) and #BitTorrent (BTT) tokens constituted unregistered securities offerings.
Tron argues that the tokens were sold exclusively overseas, with measures taken to avoid the U.S. market. It emphasizes that the SEC did not allege that the tokens were initially offered or sold to U.S. residents. Tron also disputes the SEC's assertion that later secondary token sales on a U.S.-based platform serving users worldwide constituted unregistered U.S. securities offerings.
Additionally, Tron contends that even if the SEC had jurisdiction, the tokens do not meet the criteria of investment contracts under the U.S. securities classification, as per the Howey test.
Tron contests the SEC's allegations, claiming they lack specific facts and fail to identify any victims of the alleged wrongdoing. Tron criticizes the lawsuit for its lack of detailed factual allegations and reliance on generalizations. Additionally, Tron invokes the major questions doctrine, seeking dismissal. The SEC has yet to respond to Tron's motion.
Source - cointelegraph.com
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👉👉👉 $TRX argues #SEC ‘not a worldwide regulator’ and lawsuit goes ‘too far’
Tron, the entity behind the layer-1 blockchain, has moved to dismiss a lawsuit filed by the United States Securities and Exchange Commission (SEC), arguing that the SEC lacks jurisdiction over foreign digital asset offerings on GLOBAL platforms.
Tron contends that the SEC's attempt to apply U.S. securities laws to predominantly foreign conduct exceeds its jurisdiction, emphasizing that the SEC is not a global regulator and lacks authority over offerings that occur mainly outside the United States.
The lawsuit, filed by the SEC last March, targeted Tron founder Justin Sun, the Tron Foundation, as well as the BitTorrent Foundation and its parent company Rainberry Inc., which Tron acquired in 2018. The SEC alleged that the sale of Tron (TRX) and #BitTorrent (BTT) tokens constituted unregistered securities offerings.
Tron argues that the tokens were sold exclusively overseas, with measures taken to avoid the U.S. market. It emphasizes that the SEC did not allege that the tokens were initially offered or sold to U.S. residents. Tron also disputes the SEC's assertion that later secondary token sales on a U.S.-based platform serving users worldwide constituted unregistered U.S. securities offerings.
Additionally, Tron contends that even if the SEC had jurisdiction, the tokens do not meet the criteria of investment contracts under the U.S. securities classification, as per the Howey test.
Tron contests the SEC's allegations, claiming they lack specific facts and fail to identify any victims of the alleged wrongdoing. Tron criticizes the lawsuit for its lack of detailed factual allegations and reliance on generalizations. Additionally, Tron invokes the major questions doctrine, seeking dismissal. The SEC has yet to respond to Tron's motion.
Source - cointelegraph.com
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