*If you find this analysis helpful let me know!
Taking away all emotion and looking at the picture from all time frames this is what I see.
We need to recognise TRON is still very young to look at from a bigger picture but we can start to see some clear structure
We are currently in a broader triangle consolidation so looking for signs of a break either way.
Also had two touches off 52 week moving average BUT failed to react to the downside in a significant manner.
Also holding above the 25% line of blue the last two weeks.
What I see as POSITIVE is that TRON bottomed late 2018 (not in 2019) and most cryptos that are recovering/constructive did this.
We are also still above the BLUE from this rally off the bottom which is also constructive.
Currently stuck between 100 and 200 day moving averages but if you dig deeper there was good support off the 200DMA in terms of .
On the daily you can also see the bottom trendline forming triangle has had 4 touches now and failed to break.
For the BEARS however you can see we have not closed above the RED 0.618 fib that is measured from the HIGH forming the top of the triangle and the low.
Again a break of the triangle would show clear direction as these levels are also guarded closely by the fibs.
We have just popped outside the near term downtrend.
Also shows clearly the reaction off lower trendline (and 200DMA).
Even if we start pulling back towards the BLUE 0.5 fib I'll watch the and to find market direction.
All in all there is potential this is a BUT you would need to see some larger downside momentum to validate this. For the BULLS, it's all about the bottom trendline and 200DMA.
If this holds you may start to pack your bags to the moon BUT for now it is 100% SPECULATIVE on my behalf until we at least test/surpass the (just my rule).
Hope this helps!