Tron presents as one of the most bullish cryptos right now, especially one of the most bullish high market cap currencies. Sitting at RANK 18 with a market cap of $10.852 billion currently, the asset has much room to grow before becoming saturated, Tron previously has been in the top 5 before and may make its way towards top 5-10 market cap especially with recent positive developments and increasing adoption. TRON has been in strong accumulation since the highs of 2017 where in two weeks we moved from $0.002 to $0.35 in a matter of weeks in what was a historic move. Tron having been created in late 2017 as an ERC20 token and successfully introducing its own blockchain in 2018 perhaps has more upside than most cryptocurrencies given its infancy and short duration in the market.
Looking at the weekly and monthly chart of TRON, we can see institutional investment and smart money accumulating Tron over years of correction which is now completed and we can expect a Primary impulse 3 to begin where massive accumulation will be priced in, in a short period of time; perhaps months. Tron is a safe hold as we have overtaken strong levels which signal the bull run initiation in TRON including the MONTHLY & WEEKLY orderblock at 8.8 cents to 10.4 cents, with such strong levels overtaken we can expect a strong move upwards and this may potentially be the last time we see these prices.
I will post MONTHLY chart as it reflects the bullish sentiment of this market pair TRX/USDT and gives the possibility for strong gains over coming months.
Key levels: ~1.618 fib extension ~$0.67 , 1.32$ Primary 1:1 fib extension
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Looking at the weekly and monthly chart of TRON, we can see institutional investment and smart money accumulating Tron over years of correction which is now completed and we can expect a Primary impulse 3 to begin where massive accumulation will be priced in, in a short period of time; perhaps months. Tron is a safe hold as we have overtaken strong levels which signal the bull run initiation in TRON including the MONTHLY & WEEKLY orderblock at 8.8 cents to 10.4 cents, with such strong levels overtaken we can expect a strong move upwards and this may potentially be the last time we see these prices.
I will post MONTHLY chart as it reflects the bullish sentiment of this market pair TRX/USDT and gives the possibility for strong gains over coming months.
Key levels: ~1.618 fib extension ~$0.67 , 1.32$ Primary 1:1 fib extension
Please like and follow for more!!