Hi, iJustCoiners!
I am here to post a pretty much SPECULATIVE idea regarding future TRX price .
I already did that once on LINK and it appears that my prediction has nothing to do with what really happend.
So i am quite sceptical on that one too. However it's an interesting study.
Looking at the White Energy at the 8D timeframe i assume that we will have a reversal to the upside around Mid January.
That's quite common for crypto to have a run up right at the begining of the year.
Using Fibonacci and Pithcfork i projected possible price range TRX may touch.
If we have a New Year Rally and if it sustains the price would touch Red Rectangle i pointed on the chart.
I placed it right between pitchfork historical resistance.
If we do touch the rectangle we may reach $0.75 - $1.11
We as well may go higher if we OEVEREXTEND to the yellow/red pithfork diagonals.
That way TRX may reach $3.5 - $6.1 levels
I am already anxious to take a look at this publication at the March 2022.
Till thats moment i'll be making trades, fixing profits, investing, staying calm. The opportunity is always here.
And remember this market doesn't respect doubters!
I am here to post a pretty much SPECULATIVE idea regarding future TRX price .
I already did that once on LINK and it appears that my prediction has nothing to do with what really happend.
So i am quite sceptical on that one too. However it's an interesting study.
Looking at the White Energy at the 8D timeframe i assume that we will have a reversal to the upside around Mid January.
That's quite common for crypto to have a run up right at the begining of the year.
Using Fibonacci and Pithcfork i projected possible price range TRX may touch.
If we have a New Year Rally and if it sustains the price would touch Red Rectangle i pointed on the chart.
I placed it right between pitchfork historical resistance.
If we do touch the rectangle we may reach $0.75 - $1.11
We as well may go higher if we OEVEREXTEND to the yellow/red pithfork diagonals.
That way TRX may reach $3.5 - $6.1 levels
I am already anxious to take a look at this publication at the March 2022.
Till thats moment i'll be making trades, fixing profits, investing, staying calm. The opportunity is always here.
And remember this market doesn't respect doubters!
Comment:
Looks like ot is going to happen, ladies and gentlemens. 8D might begin to indicate UPWARD PRESSURE if this CURRENT 8D candle will CLOSE with Green EMA crossing Red RSI while going up. And then we will have to see the next 8D candle to confirm that cross by another GREEN candle. If that's going to happen we will be officially in The New Year Rally mode.
Comment:
We have to watch current 8D daily to closing Jan 1. And then to monitor the next 8D candle which will be closed Jan 9
