đšđ TRON/Tether Weekly Analysis: Is the Bullish Run Ending?
đ Tron Growth Since November 2022
Tron has been in a solid uptrend since November 2022, coinciding with Bitcoinâs bottom. While Bitcoin peaked in March 2024, Tron continued to rise, reaching a new high in August, marking a remarkable 644-day bullish phase.
đ Irregular Correction in Play
The ABC pattern you see on the chart is whatâs known as an irregular correction. In such cases, the second wave (B) makes a higher high than the previous bullish waveâs peak. This doesnât signal infinite growth, as the market has shown before.
đĄ Tron Mirrors Bitcoinâs Move
This scenario mirrors Bitcoinâs behavior between November 2021 and April 2021, when Bitcoin also entered an irregular correction phase due to monetary expansion policies. With fiat losing value, these unusual patterns tend to appear.
đ Is the Correction Nearing Its End?
Tronâs current decline hints that the correction isnât over yet. However, as Tron goes down, expect the rest of the market to follow. Corrections donât last forever, and weâre getting close to the end!
đ„ Keep watching the charts closely!
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #FOMC
