TRUUSDT 1D Analysis TRU ~ 1D Analysis
#TRU Buy after successfully breaking the $0.052 resistance line with a short-term target of at least 10%+.
Trufi
TRUUSDT 1WTRU ~ 1W Analysis
#TRU Support blocks that you might be able to consider to start buying back from here with a short -term target of at least 20%+.
TRU or TRUfi Chart predictionTRU is in a multi-month support zone. You can buy more TRU at $0.077.
Hold term - Long Term.
Future Potential: TRUFi's decentralized finance (DeFi) platform enables efficient and transparent borrowing and lending. As the DeFi ecosystem grows, TRU could play a crucial role in addressing liquidity issues and offering financial services to the unbanked.
Latest News: TRUFi Partners with Major Financial Institution for Increased Liquidity
The SEC alleges that nearly half a billion dollars in TrueUSD (TUSD) is not properly backed, affecting pairs on major exchanges like Binance, Bybit, Gate.io, and Bitget.
TrueUSD is accused of using phony attestation reports, having opaque ownership structures, and secretly investing backing assets in risky, illiquid ventures.
The SEC's complaint suggests that since March 2020, TrueUSD's "commodity fund" misappropriated user funds, with 99% of TUSD's backing assets being illiquid as of this month.
Major investors like a16z, BlockTower, and Alameda Research invested $12.5 million in TrueUSD's governance token, TRU, despite the alleged misappropriation.
Binance listed TrueUSD and later made it the only stablecoin with fee-free trading, leading to $1.5 billion in TUSD mints, which the SEC claims were never fully backed.
The article emphasizes the need for radical transparency in the crypto industry to prevent fraud and suggests continuous scrutiny of major projects to avoid reliance on regulatory bodies like the SEC for cleanup.
TruFi just flashed a buy signal!TRU/TruFi has formed a clear cup & handle on the daily chart, and just flashed a clear buy signal on the hourly according to my personal trading perimeters. Although I'm not completely sold on this particular chart I would rate this trade a 7/10.
Tru Getting Ready For Massive Bullish Rally Seems Like getting Ready for Massive Recovery Formed Falling Wedge In Daily Tf And Trying To Break It Incase Of Breakout Expecting Massive Bullish Rally Incase Of Successful Breakout Expecting 100 to 110% Bullish Wave
Finally Tru Getting Ready for Decent Recovery Seems Like Getting Ready for Massive Recovery Formed Descending Channel in h12 tf incase of breakout expecting 60 to 65% bullish wave
Tru Getting Ready for 70 to 75% bullish Wave Seems like getting Ready for 70 to 75% bullish Impulse Forming falling Wedge In h8 Timeframe Incase Of breakout expecting Another 70 to 75% bullish Wave
TRU: Put it on your watchlist!As of now, the 4-hour oscillators are signaling a buy. The SMA50 has crossed above the SMA100. I'm watching for an entry very soon as I expect the 18-23 area of support to hold. My first target will be the 28-33 area (30%+ upside). This will be a swing position. Let me know any thoughts on this thanks.
TRU looking for a buyHello, back after some hollidays let's stop first at TRU.
Prices haven't been able to break the 65ct area which represent the middle of the mid range between 90ct and 40ct.
We are now at the bottom of this range with a Daily MACD creating hidden bullish divergence and ready to turn green.
My bias would be to go long between current price 46ct and 40ct in order to look for a jump to 70ct first and then 90ct.
This look simple but i think this is a good opportunity to long this market at this price.
TRU need to confirme bullish breakoutTRU seem to have confirmed a breaking of his flag consolidation, we are for now trying to build a slow growth between upper BB and MM20.
The move would be confirmed with a daily break of 70ct and i see 2 possible plans.
1 : Prices stays under 70ct and with time will take support on rising daily MM100 and break the resistance.
2 : Prices break 70ct at anytime and confirm the bullish move with 90ct/1$ as 1st target.
The MACD H4 has already consolidate and a move up could happen in the next few days but as long as we are above MM20 i would considered this situation as buying opportunity
TRU for a bullish continuationTRU have seen a strong move up in early august and has been since consolidating in a range/flag.
Flag are always complicate to draw with accuracy and often people buy a pullback which isn't, so this one is drawn for reference only.
The price have been able to open up the BB in daily, MACD has turned green and seems well oriented. Between current price and 50ct area i would go long here with 90ct/1$ as 1st target.
Patience will be key but will be well rewarded as these configurations often end up with price having a strong bullish breakout.
