Crypto_Terminal_Daniel

Time to Gloat: Analysis of TRX NAILED IT!!

Long
BITFINEX:TRXBTC   TRON / Bitcoin
In this article, we discussed why we should expect a breakout in TRX against BTC. We even gave the price targets where this asset would find support or resistance. In fact, we were spot on with our analysis. We noted that that TRXBTC was consolidating and a breakout was nigh. It took a bit, but readers who followed our insight were rewarded for their patience. As you can see in the linked article, profit targets were clearly spelled out at 369, and 418. A final target of 457 has yet to be attained, but we expect this to be realized as well, perhaps after a brief corrective phase. TRX does appear to have begun this corrective phase, and current levels, 356 at the time of this writing, seems to be a good entry point. A full retracement to 322 may be another good entry point. Be advised because if these levels don't hold, there is a vacuum zone down to 288.

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