Tron | The Catalyst?

Do you guys think this will be the catalyst?


Tron Technical Analysis

The top was set 25-August. Price action following this date is classic of a top formation; no new highs, the highest volume on a daily session closed red, and all is happening where everything marketwide is pointing toward a major flush next.

The daily candles, looking at them up close, clearly indicate the loss of bullish momentum. I know this is hard to either spot or visualize if you are invested in the current situation, but a drop only comes out of rise.


Oscillators

The daily MACD is trending lower. It peaked 20-Aug. and produced a lower high 25-Aug., a small bearish divergence. What isn't small is the downward bias: תמונת-בזק

The weekly MACD peaked November 2023 and produced a strong lower high 19-August 2024, a very strong long-term bearish divergence: תמונת-בזק

It is pointing straight down.

The daily RSI already peaked and started to curve down. The histogram reveals where things are going... The red arrow shows how these things tend to resolve: תמונת-בזק

The weekly RSI is still bullish and trending higher, but there is an extreme bearish divergence with TRXUSDT, it peaked March 2024: תמונת-בזק


Conclusion

To warn caution would be an understatement. When things are heated up, things can pop-up unannounced.

The market moves up and moves down... It balances itself out.

➖ The ones that are low, near support, look good to buy and hold.
➖ The ones that are high, near resistance... RUN!

Namaste.
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