TRON (TRX) Update: A Closer Look Analysis
SUMMARY
TRON (TRX) placed five Elliott Wave impulse waves and is now doing the requisite correction. In this case, it's a bullish downward pointing triangle. Price came out of the bullish downward pointing triangle but is going lateral. I've seen this before and the lateral move usually takes a form of another triangle.
Here is a higher zoom of the later price move and its forming a triangle pattern. This triangle should resolve towards the upside.
These can be viewed as fractals. Fractal #2 needs the MACD to rise above the 0.00 level as then that would provide the impetus to surge upwards.
Here is another perspective from a forward discerning vantagepoint. The curvature state seems to indicate a Cup & Handle pattern wich cryptos love so much. IF this is correct, price coudl proceed laterally for a while prior to rise to form the right side of the Cup.
This chart is not a copy of the TRX/USd; but rather a TRX/BTC and it is lagging the /usd pair but not by much. This too is displaying a similar Cup & Handle forward pattern projection.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
First, for the first time in my life!!!
I'd like to thank my mom and dad for all the support, the academy, my friends, God and Mr. Haejin of course.
One day when I grow up I’ll make $25.00 on a comment :(
lmao
YES IM APPROXIMATELY 1/15 of the way there!!!
How Haejin is my analysis...
https://steemit.com/tron/@cryptomarketnews/tron-btc-analysis-tron-is-on-the-rise-trend
Tron (Trx) next Jetplane will land over 0.0002000btc $ 1.50
haha, a bit too much...but nice dreams
A Coin is only worth what people are willing to pay for it.
beat me to it, :(
Man you nailed it, here is an upvote!
More than the actual post!
How is my analysis...
https://steemit.com/tron/@cryptomarketnews/tron-btc-analysis-tron-is-on-the-rise-trend
It would be nice to catch one at the bottom for a change.
Thank u😁
thanks for detailed analysis!
@haejin, great technical analysis work on Tron $TRX. These patterns should play out as above, however, my gut tells me we could be consolidating sideways for a while and then start moving upwards to form the right side of the cup. Keep up the great technical analysis work on these cryptos.
this is Gold @haejin, thank you for opening our eyes to the forward discerning.
Great info.
Thanks for this info I have been debating on getting more TRX but haven't pulled the trigger.
keep calm and carry Tron
Lots of positive reviews on the breakout of Tron in this 2018,
I think affordable investment is encouragement.