!!!DISCLAIMER!!! - Bear in mind that I am new to all of this, and this is by no means investment advice. Don't make investments based on my analysis or advice, do your own research and make your own decisions based on what you yourself believe.
Based on my analysis of the trends and patterns shown for TRX -2.49% a j-curve and breakout is imminent within the next 48 hours. My estimates are a new ATH 0.19% ~4200 Satoshi before a retracement back towards ~1500-2000 Satoshi if the previous pattern is to completely repeat itself. (~580% increase from the start of the J curve to the end)
Tron -11.36% has been moving sideways for the past few days and have broken out of the downtrend channel formed by the previous ATH 0.19% and the trend reversal that occured during the January-crash. While the market volatility have clearly been a catalyst for quicker corrections and trend reversals as the coin has reached the strong supports quicker the pattern is eerily similar to the pattern show in the correction after the PREVIOUS ATH 0.19% in December.
Comparing these two patterns and the points where they broke out of their downtrend channel the consolidation period is now over, and the coin is preparing for another pump. Judging by where the long-term uptrend supportline crosses the downtrend channel resistance from the previous ATH 0.19% , and where this same incident occured in the current period we are less then 48 hours away from the first attempt at breaking the resistance line that was tested during the breakout. Let it be noted that the breakout from the channel resitance also happened in the exact same way in the previous period. (a short upward thrust out of the resistance and then sideways movement for a few days)
If we expect the pattern to keep repeating itself we will see the first attempt at breaking the new resistance line get rejected, and bounce at our current support line before breaking the resistance and moving into a parabolic uptrend within the next few days.
We could possibly see the new ATH 0.19% spike up and peak as soon as sometime around 29th-31st of January before slowly retracing. Assuming there will be no new major market corrections in the coming months the next consolidation period will presumably be much longer as there will be no catalysts for the TRX -2.49% to quickly reach its new support level .
