Hello everyone. It's been a while ;)
Welcome to the analysis of my favorite holding, Tron.
We've been in a slump ever since May 26th - RIGHT before the Main Net release.
We are forming a Bullish descending wedge. The structure is becoming very tight and a breakout up or down is imminent.
Considering this is a bullish formation, I believe we're headed UP UP UP.
The RSI is in oversold territory but recently formed bullish divergence about a week ago.
This is an indicator of potential reversal.
The MACD also shows bullish divergence.
Although it is currently curling down, data suggests this will not last long.
Buy-in targets:
525
500
475
Profit targets:
578
726
846
1038
S/L
460
This is not financial advice.
Good luck :)