The chart explains it all in detail to be honest... We have found a major support line which is ascending upwards on a diagonal pathway. WAVE 3 will test the major resistance at 580 but not close above it. This will then retrace to around the 382 - 500 FIB levels but also should not break our new support line.
Overall we are on the way to target of 640....
This is an alternative scenario that could be playing out on the TRON chart. This coin might not retrace as expected due to the fact not many people will be selling until the release of the "test net" on 31st March.
Please have a look at both charts and decide for yourself.
Either way we still hit my target of 650
Wave 2 only retraced to 32% meaning wave 4 will retrace more than this. I am looking at 50/61% meaning TRON could drop below 500 sats before its push up for wave 5
I have wave 5 set around then 640 mark and if you want to be very bullish then it could go as high as 690 just like wave 3 did smashing my target of 540 by hitting 600+.
Let me know what you guys...
Tron keeps trying to break 445 sats and keeps getting rejected. As seen by my chart we are approaching a crucial time for TRON as we near the APEX of an ascending support line and a resistance line.
I am still LONG on TRON!
Hey guys! So TRON broke out of the triangle and this signals an uptrend! I have set targets of 0.00000400 for WAVE 3 and onwards to 0.00000433 for WAVE 5 after a retrace.
Let me know what you guys think and give us a follow/thumbs up if you agree :)
Having a look at TRX, as we begin March.
Things to keep in mind: a) test net launch, b) coin burn. - end of month.
TRX is tightening in a triangle, with a solid cup and handle forming (See yellow).
I'm hoping that within a week, we see significant increases in value.
This is a Continuation of my earlier projection which was bang on the money.
2nd wave commencing, targeting measured 1:1 up to 0.00000560 for (2)-(3) then a 30% chance for it to hit a .618 Fib retracement on (3)-(4) and then 0.00000610 for (4)-(5) with a 15% chance of that target on a fib extension.
So far so good but with little or no data - this is a lean...
TRX/BTC falling down from .78 fibonacci line, next stop 380 support. There is possible -and we hope- to see a double bottom pattern to finally change the trend.
If this not happens, probably We'll see it in the 200's