Tron's just kicking back after the massive hype out at the beginning the year. We just need time to recharge and build up strength for the next round and it will come eventually.
There's nothing especially technical here. You'll see Tron likes to repeat the same patterns over and over again; a weird kind of sail shape, which appears either isolated or on top of each other. These self-similar shapes are known as fractals and can have many different forms and Tron makes some really strong fractals that are so easy to spot. Have a go!
I think we are in an accumulation or consolidation phase, whatever the trade wonks call it. Compare the current green box with the previous one. We should have another of these mini sail shapes when we hit the trendline ( we might have one before, who knows), let's keep an eye out anyway. Tron is not going away, so if you're long or holding a bag, keep holding! I think it's going to give some great returns soon.
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We're getting very close to that support line. If you're waiting to long, I suggest waiting to see if we get a bounce first then, if we do, buy only after the price comes back down and the support holds. The market is very spooked at the moment.
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I updated the trend line, looks like the is some support at the original but I drew it sloppily and missed the bottoms of some candles. Didn't think anyone would be interested in the ideas: the yellow line is the limit of support.
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Although shape of the price action is not very encouraging. It might be we haven't found the bottom yet.
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Still possible that this isn't the bottom, have support though. Let's see if it moves up the trendline nicely.
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Don't think it's happening now. It'll go down still. Probably the wrong time to be bullish on anything right now.