Tron: Lower High & Inverted Hammer (Something Strange)
2024-10-16

Tron's (TRXUSDT) last session closed as an inverted hammer at the top of a trend. The current session is bearish after a lower high.

This is one of the most revealing signals because Tron has been really strong. If this pair gives in, the rest will also move to complete their down-turn.

The difference between this chart and other Altcoins is just amazing. If we were to compared Dogecoin to Tron or Cardano to Tron, the charts are two worlds apart and yet, they tend to meet at some point.

Either Tron's correction will be super fast and deep or it will break a marketwide pattern as it has never been seen before.

The most likely scenario is a flash crash and catching everybody by surprise. The fact that we have these reversal signals and no new highs reveals what will happen next.

The last high happened 20 days ago and produced a strong bearish signal as well. So we have two strong bearish reversal signals. Bearish reversal as in reversing the bullish trend.

The correction is supposedly reaching its end, but looking at this Tron chart, no correction is present. Here we could say the correction is about to start. Knowing how tricky the owner of this project can be, he might make a move so surprising that it will leave everybody wondering, "what's up?"

By the time we figure it out, all money will be gone.

Total market capitalization will be cut in half.

Thanks a lot for your support.

Namaste.