Hi to all Tron fans. This is an update on my 4hr chart. After Tron broke out very strong exactly at the end of my first pink triangle , I believe we are finally in a new chapter. Tron is trying to built its first resistance consolidating around 0.00008 and should be moving sideways until we see clearly in what direction BTC is going.
If BTC is going down to 6000 and breaks through in direction of 4000 I believe Tron will follow down surrounding 0.00006 area. So keep an eye on BTC and check Tron's green resistance line.
If BTC bounces back from 6000 than we could see a short lived bull run to around 0.00010 and it could extend to 0.00013, but this all depends on volume and Tron share holders sentiments. Volume is still low and we are still missing the big guns to reinvest. You can see that small amounts under 100k is moving Tron atm. I see a few over 200k investors and this is not enough.
If BTC is going down to 6000 and breaks through in direction of 4000 I believe Tron will follow down surrounding 0.00006 area. So keep an eye on BTC and check Tron's green resistance line.
If BTC bounces back from 6000 than we could see a short lived bull run to around 0.00010 and it could extend to 0.00013, but this all depends on volume and Tron share holders sentiments. Volume is still low and we are still missing the big guns to reinvest. You can see that small amounts under 100k is moving Tron atm. I see a few over 200k investors and this is not enough.