Target 1 is easy money. That's nearly a 300% gain. Just stay patient on this. It will happen. But I DOUBT this correction is done. It could take another week. If you're patient then you'll be rewarded.
Target 2 is where we would be if we just linearly progress though wave lengths. Target 3 is based on a fib level.
IF Tron keeps up the exponential growth. It could surpass all 3 targets to a great length. I'm almost just staying conservative here.
AGAIN, this is in Satoshi. So I'm just calling for a 384% gain from where the price is RIGHT NOW.
I can't believe my eyes right now, but it LOOKS like Tron is almost done correcting. It's already squeezing and consolidating right now. It's not very likely that it breaks below this support line but it DEFINITELY can. Almost all signals look good so far, I'm just skeptical on the Daily MACD because isn't showing any form of leveling just yet.
Man I wish I could trade this coin. If you are in this trade, I wish you the best!
So Tron is going to make a decision here. Lately, the whole market is affected just because of this bearish sentiment, likely revolving around South Korea. I don't know how long it will keep up, but it will probably consolidate until updates are made or people forget.
Anyways, Tron has lost a lot of that bullish momentum. If fell from support simply because of Bitcoin, and its currently in this triangle. If it breaks upwards, it has resistance at this levels and a failed breakout is not unlikely. But if it falls from this support, then it may be headed towards that bottom line.
Remember that my targets can take time to be hit. It would have to take something ridiculous to occur for these to never be met. But what is important is how we get there. I don't like waiting around for too long because the correction isn't near over. That's why I'm not even thinking about Cardano or XLM (XLM may see some forward momentum soon but it's not really gonna go anywhere) right now. This coin has lost a lot of that bullishness, but it still has some steam to get going. What happens in these next few days (or hours) is important.
Alright, so as we see, we fell from the triangle and come to the support zone. And this correction is looking a whole lot more realistic! Am I bearish? No, not necessarily, I believe there is hope. But will it come overnight? Probably not. What I'm seeing is oversold conditions that appear to be forming the first half of a cup, to the cup and handle formation that we will probably see through wave 3 to 4.
Right now is not the time to accept the loss. The volume is low and there is no true push of bearishness from the market, the coin is just "forgotten," and people tend to forget a lot in the crypto-market. All it takes is a few green numbers and people will jump on the bandwagon.
Here is another option that can lead the correction into a few more weeks.
Always think of the worse case scenario guys and manage your risk!