TRON (TRX): A Primary & a Bullish Secondary Projection
SUMMARY
The sideways price channeling of Tron (TRX) seems to be continuing with the likley next rise towards the uppwer white line of the parallel trend lines. The wider scope of this correction primarily reads as a complex triple correction with the final Z wave not expected until early May timeframe. The white rounded bottom also emphasizes the undertone of the continuing sideways action of price and time.
The alternate count is potentially quite bullish. The triple complex of wxyxz (blue) can at times morph into a combination. The final Z wave can become a triangle as labeled in teh below chart. IF this count is correct, then there is a likelihood that the correction has potentially bottomed. Still, the earliest indication of this bottom has to be evidenced by a process of two rounds of an impulse and the first seems still to be in its early stages.
A closeup shows the start of the first round of impulse. The yellow circle shows the presenc of a bull flag for white wave 2 and the full impulse could allow the breach of the upper trend line of the channel.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Tron has hypes but really need to develop more their codebase...
hope it does go up. I have a big bag of tron to sell.
I do also!
it seems tron is a good price. but what do you think about the allegations of the whitepaper being plagerized by Justin Son.
I read that plagiarism happens all the time in china like its normal to do. Or maybe when he made the coin he didn't really have intentions of doing anything with it but it got so hyped up he had to. I can make a ERC20 token in about 20 mins but I wouldn't because I don't want to do all the work you need to do after. No one can really know for sure, he said the Chinese version of the white paper was much different maybe the person who wrote the English version did not speak English well. I haven't really looked at all the evidence.
Tron price is good 0.0358$ i hope go up
I hope btc helps the bullish trend of trx..31st of March is just around the corner..
thank you @haejin - could you do an update on bitshares?
good post
i'll keep holding it~
Testnet is being released in a few days and coinburn should happen with it. Get in while you still can! Mainnet to follow shortly thereafter!
Tron is also having an airdrop at the moment where you can pick up 80 free coins - https://steemit.com/cryptocurrency/@chekohler/get-80-free-tron-coins-with-houbi-pro-and-tronix
Is this true or scam?
I've seen it posted on several airdrop sites and reddit threads and its also on Houbi Pros official Twitter. Thats more confirmation than most when it comes to these things. I've registered so if i don't get my coins ill let you know
Indeed it this post, best of luck @haejin hopefully its goes up.
I resteem this post.