[REPOST] TRXUSDT Buy | S6T2 - Team Trading Post for Team Frontline

lets get started...

TRON

The Tron Blockchain aims to that its suitable for the daily use. It is able to handle 25 transactions per second which is about six times faster than Bitcoin transaction can handle which is 6 transaction per second. Tron also claimed its technology is capable of making of 2000 transactions per second .

Tron has six goals which are divided into phases. Ome of these phases include, driving content creation with financial rewards, decentralizing the gaming industry, content creators make their own tokens, decentralizing the gaming industry and also delivery simple distribution file sharing like the file sharing in 2018 which was one of the biggest investment.

The Tron Blockchain uses Delegated Proof Of Stake for its consensus algorithm as a number of delegates who are called Super Representatives are chosen to facilitate in creating blocks. DApps and Smart Contracts can be build on the Tron Blockchain network.

Justin Sun who is the Founder Of Tron and still the CEO launched the Tron blockchain in 2017. In the past he was with Ripple serving as chief representative in Greater China. He was born in 1990

The one unique thing about the blockchain is its ability for content creators to be able to connect with their audience directly without any third parties involved. These platforms could be streaming platforms, gaming apps or even App stores. This initiative will reduce fees and make contents less expensive for the audience.

STATISTICAL ANALYSIS

The price of Tron has been up by 5.57% in the last 24 hours to $0.062 USD. In the same period the trading volume has been up by 26.98% to $933,314,712 USD. It also has a market cap of $6,300,055,111 USD and a circulation supply of 101,738,426,529 TRX. It is ranked #26 on the CoinMarketCap.

_{Screenshot from CoinMarketCap}

It can be traded on a lot of exchanges and the common once are Binance, Kucoin, Kraken, Poloniex, Houbi etc

TECHNICAL ANALYSIS
I used three indicators which are the Exponential Moving Average, Ichimoku Cloud and the RSI Indicator on a 30 mins candle stick chart. They are my favorite indicators to use so far. This trade will be a scalp trade to find a buying opportunity for a short period of time.

_{Screenshot from TradingView}

Lets get to analyze the chart with the EMA Indicator first. Recently the price went on a bullish run after a huge fall in price. At this stage most traders predict the price will fall a little back which is different in this case. After the bullish, the price started moving in range for some couple of hours gathering momentum. In this case we now take a look at the 20 period to see if it catch up with the price at the support level.

Now we will want to confirm the signals we had from the RSI indicator to filter out the false signals. Currently, the price is above the 50 mark which indicates a bullish trend. This confirms the our signals from the EMA indicator.

_{Screenshot from TradingView}

The ichimoku cloud can also tell us the buying and selling pressure of the token since its also momentum indicator. We can see the cloud getting bigger which indicates there is a buying pressure in the market. This is another confirmation of our first signal with the EMA indicator.

_{Screenshot from TradingView}

We can see that exactly happening in the chart and so i make a buy order into the market with the TRXUSDT pair of $12.62. Soon enough my target was reached which i executed my takeout profit.

_{Screenshot from Binance}

Why am I optimistic about this token today, and how long do I think it can rise?

I used three indicators in search for a buy opportunity. Signals from the indicators were all positive so i had no reason to hesitate getting into the market. The indicators are enough reason i'm so sure about the market today.

From my previous analysis i was confident enough the price will hit the $0.0628 mark and surely it came to happen.

My Plan to Hold TRON long or Sell

From the beginning, i intended to hold short which is in hours. I was making a scalp trade to benefits off from small price changes and from the charts above we can see i have been able to achieve my aim with the help of using the appropriates indicators.

Would I recommend people to Buy TRON

Yes i think i will and the reason is that, Tron is aimed at making the blockchain suitable for daily base transactions usage and also it will have a lot of audience they are able to get content creators to get In touch directly with their huge following. The more people hold TRX the more the price go in bullish.

This is the end of my trade today, it has been successful. See you tomorrow for my next day trade...