I got to admit I was tempted to participate in the bullish trend of TRON, but waiting a bit showed us that "to the moon" might be too soon.
Indeed, according both Fibonacci (FAN + ARC) and Elliott Wave theories, the price should keep arround the price for a while.
- If we follow the 5-3 pattern of Elliott we are currently on the correction from the Green impulse. That being said, we should expect the price the slowly rebound and fall again before another 5 points impulse. That set a target back to the a price around 0.00021 (GreenC point).
- If we follow Fibonacci Arc set at the all time high we noticed that point BlackA led us to the actual Green5, we could think of the next rebound BlackC would lead the price to a target at GreenB before exiting the 0.5 Fibonacci Arc.
Both theories stick in the center fan of the Gann Fan , which support their liability.
In conclusion, we don't see any signal of a rebound yet. I will keep monitoring the price if it enters the 2/1 side of the Gann Fan or the 0.610 Fib. Arc
Analysis done by The Foil
05.01.2018 22:03
(Publication delayed from 2 hours due to technical reason)
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Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
Indeed, according both Fibonacci (FAN + ARC) and Elliott Wave theories, the price should keep arround the price for a while.
- If we follow the 5-3 pattern of Elliott we are currently on the correction from the Green impulse. That being said, we should expect the price the slowly rebound and fall again before another 5 points impulse. That set a target back to the a price around 0.00021 (GreenC point).
- If we follow Fibonacci Arc set at the all time high we noticed that point BlackA led us to the actual Green5, we could think of the next rebound BlackC would lead the price to a target at GreenB before exiting the 0.5 Fibonacci Arc.
Both theories stick in the center fan of the Gann Fan , which support their liability.
In conclusion, we don't see any signal of a rebound yet. I will keep monitoring the price if it enters the 2/1 side of the Gann Fan or the 0.610 Fib. Arc
Analysis done by The Foil
05.01.2018 22:03
(Publication delayed from 2 hours due to technical reason)
----
Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.