I am Back with a analysis on Tron.
You are definitely not the only who is sad by looking at descdending Tron graph.
So I told myself, I will do an Analysis on what is actually going on, I hopefully made it simple so anyone can understand it, learn something and find a good position!
I am a Fan of Tron, I am definitely holding. It had huge breakout, but the sell wall was the same as breakout.. What does that mean?
Looks like everyone has taken their profits or as lot of people says Whales.
People/Companies with big Wealth manipulating the Market.
Back in the Chart.
We can see a huge that has formed.
"The is a that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling definitely slope down and have a bias. However, this bias cannot be realized until a resistance breakout.
The can also fit into the continuation category. As a continuation pattern, the will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling are regarded as patterns."
95% Retracement just shows the Market manipulation.. This is not really seen..
Although Tron has huge , It havent still broke out.
So we Have 3 ways, 3 posibilities, 3 scenarios.
First of all the Positive one, I am on this one. Classic ABCDE Breakout, approx. 240%.
The Boring One. It will just bounce from its support and form a channel. Can fall under support or break the channel resistance, but it will take some time.
The Nigtmare. Bad . Big sell walls. Panic. We are Under the first support line. From there it will fall to second one, and stay in that channel for some time.. Could go down, Could go lower..
What more to say? Good Luck With Your Trading. Hope my analysis helped you a bit with your decision with Tron consider leaving a Thumbs up I really Aprreciate it :).
If you have any questions feel free to comment bellow!
For People In my Country -
Budem robit Powerpointovu prezentaciu o Kryptomenach v Bratislave vo februari.
Prezentácia bude obsahovat nasledujuce body
Co je to Bitcoin, ako ho nakupit a ako s nim obchodovat a kde s ním obchodovat, a co su kryptomeny ako take.
Ako si zostavit vlastny graf.
Budem rozoberat rozne ukazovatele - RSI, FIBB, VOLUME, EMA, CANDLESTICKY, SUPPORT, RESSIST, TREND LINE a mnoho dalsich potrebných ukazovatelov.
Vyjadrim sa ku altcoinom do ktorych som ja investoval, co maju na plane a preco som si vybral prave ich.
Taktiez budem rozoberat kedy sa oplati investovat a kedy urcite nie, co sa deje ked mena dosiahne ATH, kedy uzavriet poziciu a podobne zalezitosti.. nakoniec este bude cas aj na nejake otazky ak budu..
Vítaní su aj ludia z Ciech ak by bol záujem.
Vstupne je 150 euro.
Myslim, ze tieto informacie maju aj vyssiu cenu, nakolko som tam nad premarnil neurekom bezsennych noci, citanim literatury pozeranim roznych videa a analytickych postupov po Anglicky.
V prípade záujmu píste sukromnu spravu tu na Tradingu.