Both Link and Tron took a whack with the general economy leading to Point 1. Link did show more resilience and when it reached the VSTOP x2 at point 2 Link popped above that dynamic resistance and formed the rising wedge and price action spent most of the time at the resistance of that wedge. At point 2 Tron continued its uptrend but not in the same bullish manner as Link.
At point 3 Link aggressively popped out of the rising wedge and gains and FOMO Abound. Right now Link still has the potential to go much higher but there is the very real chance it may test the $4.9 area as support, having previously faced it as resistance in for most of the year and there is a strong case for acquiring Link that that level.
Tron has a question mark currently as it has shown a lot of the same bullishness as Link, but Link has still outperformed it. My bias is Tron will still pop out of this formation bullishly and if it reaches February heights that is a 50% move. If it takes out the high like Link did we could see a doubling in price. I hope to see this perform over the next month to six weeks. I am looking to take this long while Chain link consolidates And of course if for some reason we fall out this wedge the bias would be to short Tron over Link as it hasn't shown the same resiliency.
At point 3 Link aggressively popped out of the rising wedge and gains and FOMO Abound. Right now Link still has the potential to go much higher but there is the very real chance it may test the $4.9 area as support, having previously faced it as resistance in for most of the year and there is a strong case for acquiring Link that that level.
Tron has a question mark currently as it has shown a lot of the same bullishness as Link, but Link has still outperformed it. My bias is Tron will still pop out of this formation bullishly and if it reaches February heights that is a 50% move. If it takes out the high like Link did we could see a doubling in price. I hope to see this perform over the next month to six weeks. I am looking to take this long while Chain link consolidates And of course if for some reason we fall out this wedge the bias would be to short Tron over Link as it hasn't shown the same resiliency.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
