While Many Alts have reached their ATH in Feb Bull run or are about to, Tron lagged behind. However with the recent announcement of Tron entering Defi and also looking at the chart in the Weekly time frame I am giving it a high chance to Tron for some sharp gains in March.
In the weekly chart we can see that it has broken out of its descending triangle for a while and that it has not broken the green trend line support since June. since first week of Feb it's been also riding on the support of Purple line without closing below it.
the Bearish momentum signal has still not given a Volatile circle however I expect to see it in next week's candle.
If needed I will update the analysis in coming week.
in most bullish scenario it could reach the 2nd Target before end of March.
NOT A FINANCIAL ADVICE!
P.S Also hope Mr. Sun helps this momentum by sharing a Funda news which despite his usual hype attempts, is actually meaningful.
In the weekly chart we can see that it has broken out of its descending triangle for a while and that it has not broken the green trend line support since June. since first week of Feb it's been also riding on the support of Purple line without closing below it.
the Bearish momentum signal has still not given a Volatile circle however I expect to see it in next week's candle.
If needed I will update the analysis in coming week.
in most bullish scenario it could reach the 2nd Target before end of March.
NOT A FINANCIAL ADVICE!
P.S Also hope Mr. Sun helps this momentum by sharing a Funda news which despite his usual hype attempts, is actually meaningful.
Trade active:
trade active. weekly trend line still in tact. squeeze momentum sign still rising in green although not giving any sharp action signal just yet. volume has seen a notable rise in past 1 week.
at the end with coins which are not truly decentralized and majority of holding is with creator, it all depends on what they pull out of their sleeve in order to fuel up buyers.
at the end with coins which are not truly decentralized and majority of holding is with creator, it all depends on what they pull out of their sleeve in order to fuel up buyers.
Comment:
Took a while but now 1st target reached. 2nd imminent as well
Trade active:
Target 2 soon to hit. 150% Min Profit since posting