Bitcoin's capitulation event will affect the entire Cryptocurrency market...
➖ Tron is great.
➖ Tron is a true Cryptocurrency —an amazing project.
➖ Tron has its own economy and really works to help people exchange value. We love it.
Technical Analysis
➖ Looking at this weekly chart, TRXUSDT, the first thing that is revealed is the strong uptrend, a very long one. This uptrend is coming to its end.
➖ The pattern that reveals the end of the uptrend is the rounded top, followed by a second rounded top coupled with a lower high.
➖ These signals and patterns are accompanied by, first, an increase in bearish volume and, second, a decrease in overall trading volume.
Price Action Dynamics
Expect the drop to be fast and strong. TRON is not looking to be in a "bear market" for long as there is no bear market, we are simply looking at a strong correction that is only natural, normal and expected after such a long period of growth.
This pair is really strong, so some of the targets can miss. The first one, black line, is sure to hit. Actually, knowing Crypto, it will crash and flush everything up just to shake things out a little bit before a year that will be forever remembered as the year when Cryptocurrency changed the world.
👉 In the year 2025 people will know Crypto just as they know Email, Cellphones and Drugs.
Namaste.