Much days ago I shared Tron's analysis and not lying right now it has been almost 2 weeks since I did that and we are still at the same location as we were before. Markets are going so boring at the current time. Tron completely lost its volume, comparing it with the weeks before the current. I am not saying this is bad for Tron but it makes the chart boring haha...Doe to the such low volume we are trapped in a Bullish flag pattern which I to be honest think is a weak pattern because the price is not having strength at the moment, and so do the pattern.

This is not only with Tron but with almost all top cryptocurrencies including Bitcoin, No volume, completely boring. Still, we will be analyzing the pattern it has formed because if it still works out in the upcoming days then we can expect a +10% pump. This is not a mind-bedazzling percentage for a pump in the crypto market but still, for a coin like Tron, it is. Tron has much more stability than most of the coins in the market (personal opinion).

So 2 weeks back Tron broke out of its ASCENDING TRIANGLE pattern with a downward momentum, therefore, breakdown. This was not much expected because at that time as well Tron did not have much volume and the ascending triangle had a possibility of resulting in a breakout. Although, that did not happen and we got -an 18% decline from the point of breakdown. As the breakdown did happen, nothing much could be predicted at that time but now it has been2 weeks since the breakdown and now it has formed another pattern which is a Bullish Falling
Wedge.

Falling Wedge.

This is a bullish pattern formed after a bullish momentum. After the bullish momentum gets done then the price comes down a little bit for level tests and forms lower highs and lower lows in a parallelogram form. After the wedge receives a breakout, as per theory we would be receiving an upward move in the market of the same length it did before the wedge consolidation.

I have shared completely what would the move expectation if the breakout SUCCESSFULLY happens. After a 10% move up from the breakout point we could expect the price to come down 3-4% for a retest and then provide an upward movement after that although there is a catch, THE PATTERN IS WEEK.

The Weak Problem.

This area which has been marked in a circle could turn the whole scenario even bearish if it works as a retest for the bearish breakdown but the probability of this happening is very low as this is a weekly timeframe and if you observe closely it has also formed a double bottom pattern which is a very very bullish pattern and I have high hopes for this to get followed rather than a bearish drop. Rest we have to see what the price does.

Summing up

We have a bullish pattern in the 1-day timeframe. If this works out we can expect the price of Tron to bounce to $0.6910 and then come back for a return at the $0.65 area.
If the breakout happens then it has to clear or break the $0.65 range as soon as possible so it does not make that area a retest zone. If a retest happens, I would be sharing everything related to that as soon as possible.
In 1 Week timeframe, there has been a double bottom pattern formed which is an extremely bullish scenario.

Anyways, I am always bullish on Tron for the long term.

Beneficiary to @tron-fan-club

---

Thank you for going through the post and I hope you must have attained value from it. Thanks for reading till here and I wish you an incredible rest of your day, Have Fun.
SANJAM