Analyzing TRXBTC: Next Potential Breakout Zones - TRON

2 thg 12

◳◱ On the TRX/BTC chart, the Bband Breakout Super-Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00000219 | 0.00000225 | 0.00000239 and support near 0.00000205 | 0.00000197 | 0.00000183. Entering trades at 0.00000217 could be strategic, aiming for the next resistance level.

◰◲ General info:
▣ Name: TRON
▣ Rank: 12
▣ Exchanges: Binance, Kucoin, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: TRON is a multi-purpose smart contract platform that enables the creation and deployment of decentralized applications (dApps). It features a delegated Proof-of-Stake (DPoS) consensus mechanism, a system that offers an increase in performance while maintaining true decentralization and censorship resistance.
TRON is arguably most famous for its low cost ability to make transactions in comparison to other layer-1 solutions such as Ethereum, though still lags behind in developer adoption to be considered a serious rival yet.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.00000217 ₿
▣ 24HVol: 56.806 ₿
▣ 24H Chng: 0.93%
▣ 7-Days Chng: -1.53%
▣ 1-Month Chng: 24.15%
▣ 3-Months Chng: 32.47%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.00000219 | 0.00000225 | 0.00000239
◢ Support: 0.00000205 | 0.00000197 | 0.00000183

◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: 4.10
▣ Last 90D: 2.80
▣ Last 1-Y: 1.85
▣ Last 3-Y: 0.71
◲◰ Volatility:
▣ Last 30D: 0.65
▣ Last 90D: 0.42
▣ Last 1-Y: 0.39
▣ Last 3-Y: 0.53

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A

▣ In-depth TRXBTC technical analysis on Tradingview TA page



▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!

◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.

▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -