Monitoring this break out to see if we follow through, so far it has all the signs of an imminent follow through of the break out which happened earlier this year. We could see a very big move up here as NFTs become easily accessible on TRON through Kraftly.io and other platforms (potentially OpenSea?), lowering the cost of minting and listing NFTs by 100 fold compared to ETH.
Note
Pretty clear breakout at this point, looks like all systems are go for an explosive run. Like I've said on Twitter, volatility squeezes like what we've seen for the last 2 years on many ALT/BTC pairs, tend to lead to explosive volatility increases, and in this case it would be to the upside.
Note
The breakout has stalled for the last few weeks, but it looks like support is mostly holding at this point and we could see a big move up before the end of the year.
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I no longer post here. Find me on x.com/intuit_trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.