$TRX High Time Frame Analysis

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 🚀