✴️ Tron To Enter Corrective Phase (New ATH Date Revealed)Tron (TRXUSDT) has been growing since mid-November 2022 and this theme is very likely to continue. What we are about to experience is a short/mid-term correction just as it happened in early 2023.
This correction can last 1-2 months.
Allow for within 3 months to be safe.
We see prices trading below EMA50 after a lower high.
The MACD and RSI both turned bearish and are trending down strong.
Hard for me to predict the end support right now but the initial move should be a strong, "surprise" flash crash and the rest more controlled.
It will be fun to watch and profitable for those who are short.
Spot traders can get out, secure profits, and wait for the next support level to form. There is always plenty of time to enter again and I will be sharing tons of charts/trade ideas/trade-numbers letting you know when we are close to change.
This is how the chart says it will go:
➖ We get a correction now ending in a long-term higher low;
➖ Followed by the start of the major bull-market in 2024.
➖ New All-Time Highs likely to hit in 2025 with some in 2024.
Namaste.
