I think we can use the red lines as and may see a continued higher highs and higher lows up until the burn is done.
We need to see a strong spike in and interest if are going to break the resistance and generate a strong high. Although 70% is being burned off the total supply
29,519,400 has been the median circulation supply since sep1 up until now. We have peaked at around 43,961,900 on the 8th and price was around $1.37
I'd assume from the current price we will reach about 90-162% Increase in price using inverse Fibonacci. I don't use it much, but Fibonacci Time Zone may give us an idea of trade movement zones. We can also see the oversold and Stochastics preparing for Reversal
9/15/17 at 11 PM EST:
70% of total supply will be burned
What does this mean?
The value of Trig would appreciate due to less total tokens being available in the future.
But this does not necessarily mean the price will shoot up. We will still need to see a continued demand and interest in trading to see this token grow.
Long term fundamentally I think Trig could have a strong future and covers an industry that could use blockchain to ease and secure a lot of the work.
Here is a candle stick chart of basically how we traded this over at CryptOnyx
I realize this chart was probably hard to read for a lot of you
Total : 100,000,000 TRIG
Circulating Supply : 32,105,593 TRIG
so all trigs that now not in circulating ( not on one bittrex market ) will be burn. that coins has no owners.