Will TRON keep going up or will it dip?

in #tron7 years ago

straight to the moon.jpg
Pump & Dumps have a characteristic shape to the chart where the target is reached, then there's a rush for the exits and it looks like this /\ What we have in Tron is typical of a concern which has many strengths, strong staff, well rooted, proven utility, and solid news for imminent greatness, AND which has been overlooked in favour of other hyped-up coins in the top 20 market cap. Since Tron is in uncharted territory, booking new high prices, there is buyer hesitation to enter at all time highs while wanting to get aboard on a dip. A glance at Tron on MarketCap.com's coin chart would seem to show a ridiculous vertical pop that no-one would dare touch. ON THE "ALL" CHART - but zooming in to show the 7 day or 1 day chart reveals a much more reasonable and approachable interpretation. There ARE small pull-backs, corrections, consolidations of profit-taking and FUD as Tron makes it's way to what we all know is a fair price for it's value. Those working with indicators on their charts will observe and obey the laws of overbought and oversold conditions, while many savvy participants heed to the rule of thumb to never enter a rally at all time highs or otherwise. The fact is, in my opinion, that occasionally there comes an undervalued dark horse which rears its ugly head and commands a higher price and we all notice it together with fear and awe, and wonder, "Are they thinking what I'm thinking?" This is the wonder of a free market dynamic and it's mysterious price-action. The price stalls at key levels, be they round numbers or Fibs or 50 day MA's or Bollinger Bands but when you don't see the immediate sell off, you know you're into something which disrupts all those technical guidelines and you then must consider that the price may never fall to that level again and maybe there is a valid entry point at during the stall.