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Well, it could seriously happen, the Daedalus-stored cryptocurrency could be going to moon soon. They've had no shortage of good news lately. last week they announced compatibility with popular cold wallet provider, Ledger. Weiss promoted their rating from a B- to a solid B, equal best with top-10 rivals NEO. Check out their updated roadmap for all their progress ...
This would be a great demonstration of the mirror image construction of this kind of correction wave. Buying at the dip would be a bit risky, I would wait for a solid breakout after that first.
You can't keep a good crypto down. A good entry on this trade would be around 95 cents on the breakout, with a six week target of $4.00. Or just hold.
This is how I see the wave between the lower and high timeframes. the ABC taking on individual alternating structures on the smaller level to create the downtrend correction. If this is the case, the price just has to fall below 0.00011043 before the corrective wave can be completed and the uptrend motive impulses can begin.
Please let me know if you see anything ...
TRX can still break out in the next hour, but if it fails to go straight away, it will need to fall below the last previous low first. Resistance Levels.
Can see this pattern developing in response to the divergence in MACD
This chart is perfectly lined up for a hard recovery drive. I don't think it will break out in the next hour, but I'm sure it will bounce off of the fib zone on the downside and push hard into a strong bullish impulse.