TRXUSDT (Tron) - Coin of the Week
TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.
Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry.
Technically, Tron started a move to the upside at the end of September after the sharp pullback in the previous weeks. Studying the market structure, we have to see if this is the move that will continue higher and break the all-time high at 0,18 USDT or a bigger correction that prepares another wave to the downside. For now, we give a higher probability for a correction to the blue trendline marked on the chart and then a continuation to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry.
Technically, Tron started a move to the upside at the end of September after the sharp pullback in the previous weeks. Studying the market structure, we have to see if this is the move that will continue higher and break the all-time high at 0,18 USDT or a bigger correction that prepares another wave to the downside. For now, we give a higher probability for a correction to the blue trendline marked on the chart and then a continuation to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.