Tron has seen big volume influx and there's now a new utility of it - trading on tron chain.
If we zoom out, we can see that Tron has been in an uptrend for almost 2 years. Given current context, I remain bullish and expect and fall down to my support zone (grey box).
There we have 0.618 - 0.786 fibonacci support with confluence of Volume Point of Control. This area has some structure in itself and should hold it. Also, there's a 2 year trend line that has been holding the price up.
In short term I am bearish to reach my support level but then I expect a run up when $BTC will start recovering đ
TON recently had very huge influx of volume and hype. Recognising the hype and context that we are in bull market, I can say that I am super bullish on it.
On CoinMarketCap it's currently top 9 mcap coin and top 23 by volume coin.
It's now retracing from the all time highs and hit first major support level - 0.618 fibonacci level. It's possible that from here it will go up but I think reaching my drawn box ($4.5 - $3.5) is very likely. There we had a lot of traded volume and liquidating those early longs would be good for big hands guys.
Therefore, I still expect a run down for short term and then - we will possibly reach new ATH đ
Daily $BTC market structure is very clear - it's bearish.
I am not changing my view on short term bias until I see a high broken. For now, Bitcoin is making lower highs and lower lows. While it remains bearish, I want to point out the current low that it has made. The volume is outstanding on this low. It often means a reversal so It might be the case this time also.
Let's talk about long term bias.
My long term bias remains bullish from the start of 2023 year.
We are heading into the middle of bull market and it means that we are yet to see the biggest pump of this bull market.
80% of profits will be made in the next leg up so make sure that you're positioned for it.
On weekly chart we can see that the price has hit the POC (Point of Control). This is the area where most of volume has been traded in the past months. This often causes a price to react from it. We can see that price did react to it already.
Doge also broke out from the big consolidation phase and if we take into consideration the context of bull market, it means that Doge is showing signs of strength.
In confluence we also have Fibonacci 0.786 level hit. This aligns perfectly with support level.
I want to share my high timeframe analysis of $SOL
Solana getting more and more attention in crypto space. It's currently #5 biggest coin by market cap.
The context now is really important. We are in bull market. That means - all of the most popular coins will thrive and they have a high chance of reaching new ATH compared to previous bull run highs. It happens every bull run.
I am DCA'ing hard into $BTC $ETH and SOL.
If you would buy Solana at current price - the minimum potential is 95% profit. That's a lot for just hodling and not actively trading. I am sure it will go beyond ATH so ~130% profit is easy here.