[TRX/USDT]-Steemit Crypto Academy | S6W1 | Team Trading Contest Post for Team-Frontline.

The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

Good day everyone is my pleasure to participate once more on my post as regards to the Crypto to Trading competition, meanwhile I welcome everyone, thanks to my professors @abdu.navi03 and @shemul21 who is heading the the TEAM FRONTLINE for this week am @kingworldline

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For to day I will base on the Tron asset,

THE TRON (TRX)
The Tron is well know to as a decentralized blockchain system, hence this working system was actually launch on the year 2017 with the mode of it operation which was designed, featured as by the CEO known my name Justin Sun, hence the Tron as a working platform was first built with the Ethereum networking as the ERC-20, hence as time goes by the Tron network on ERC-20 was moved from their mainnet to the TRC-20
Hence the introduction of the TRC-20 showcases it's fastness based on the Transaction per seconds.

Tron network is after the content deliverable via the financial rewards and as well sharing of files as well launching that of dApps on network, and so these has given the mode of connection between the the initiators and as well the audience.

Meanwhile the Tron as a token is known as the TRC currency which actually has 100 billion supply as of the time of when it was launched, with a ratio of 55:45, where 55% belongs to the investor and the 45% belong to the founder.

Hence the token has gone so far to the kind of operating network (TRC-20) it has which has been abducted and used by different token blockchain in as their Network for their token.
This Tron can be traded in many exchanges like that of the Binance exchange, Kucoin, Kraken and some many others.

How to analyze the token? (Here you can use the Technical analysis knowledge learned from our courses and clearly explain the Trading Strategy that you have used to analyze the token )

TRON TRADE ANALYSIS
Hence as of the time of this screenshot the price of TRX was 0.0619 and the market cap was 6297502576 with circulating supply as 101.74 Billion with 24 hour volume trade, hence the Tron token is rank 26 In the coin market cap, as shown on the Screenshot below.

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According to the analysis, TRX has the peak 0.06279 with the volume of 0.0601, on the 10, Feb 2022 and was observed to have an all time low of 0.06017 on 25 February 2022 based on a month chart.

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TECHNICAL ANALYSIS OF TRX
Base on the technical analysis am I will be using my Binance account for this in executing this future trade under the leverage of 20X on the TRX/USDT pair.
Hence the first thing I did is to view my chat with different times of 30M, 15M, 5M and as well 1M as shown on the below screenshots.

FROM BINANCE EXCHANGE

FROM BINANCE EXCHANGE

Hence with chart, I actually discovered it is a bearish trend with the help of all this time frames, I processed to support this observation with my indications, the RSI and as well my Bollinger band to confirm the price action on the chart, with the indicator I actualize that is an downtrend,

Then what I did was to buy long since the price was pushing up. Then I was able to take profit immediately since there was little bullish shut up and I take profit as I close the trade as shown in the below screenshot.

FROM BINANCE EXCHANGE

Why are you optimistic about this Token today, and how long do you think it can rise?

Am rest assured that these to will definitely rise as regards to the price to the fact that the token is still rising from the deep of the price action, then I expect it to the point where investors will make double of the amount it is now, with the view on the previous highest high at the chart below has it that it still has future of dishing out interests.

FROM BINANCE EXCHANGE

Your plan to hold it for a long time or when to sell? (Here you should justify every point briefly.)

It expected that the investor which has invested heavily through buying and as spot trader to keep it for a as long as the duration of the rise we reach, to the point where should be down fall again where the seller are heavily in charge of the market which causes the market to fall.

Do you recommend everyone to buy and the reasons for recommending/not recommending.

For me i will recommend buyers or the seller to invest in it now as the price is set to go more than the current price now which, and as well keep eyes on the price action to know when to sell off in order of making profit.

CONCLUSION

The token known as Tron which is known as cryptocurrency which has being in existence since the year 2017, which actually has it value lower than that a dollar , hence the white paper made it clear that their project is basically on the development strategy in terms of creation and as well decentralization, gaming, and entrainment.
Furthermore the TRC-20 network and its currency came with a very minimal transaction fees due to the fact that it is associated with a lower energy and as well the bandwidth.
Hence Tron as a currency has a greater future to attend and a greater potential to leash out to their investors.