Hello Traders, after 3 days of the consolidation period, most of the coins are looking to move forward soon.
Looking at the 4 hour chart, we see that Tron is bouncing back and forth within bull flag channel.
If you are buying Tron, wait until it breakout from the orange-bull flag. (420-423 Satoshi)
Both RSI and Stoch RSI looks bullish at the moment, and EMA 200 is acting as a decent support.
I put two possible scenarios for Tron.
1) Target 1: 519 Satoshi Target 2: 590 Satoshi
I believe that this scenario will most likely to occur in next 10 days. (Main-net release)
2) Target 1: 613 Satoshi Target 2 714 Satoshi
These targets are based on the Elliot Wave Principles. If you are the long-term holder, use this as your target levels. (Exodus release at the end of May)
Looking at the 4 hour chart, we see that Tron is bouncing back and forth within bull flag channel.
If you are buying Tron, wait until it breakout from the orange-bull flag. (420-423 Satoshi)
Both RSI and Stoch RSI looks bullish at the moment, and EMA 200 is acting as a decent support.
I put two possible scenarios for Tron.
1) Target 1: 519 Satoshi Target 2: 590 Satoshi
I believe that this scenario will most likely to occur in next 10 days. (Main-net release)
2) Target 1: 613 Satoshi Target 2 714 Satoshi
These targets are based on the Elliot Wave Principles. If you are the long-term holder, use this as your target levels. (Exodus release at the end of May)
Trade active:
First target somewhere around 480-519 Satoshi.
Trade closed: target reached
Trade closed: target reached:
Target 2 reached!
Comment:
Buy at 38.2 retracement (494 Satoshi) or 50% retracement (460 Satoshi)