TRX jumped out of nowhere earlier today. (I've been told in the comments it got pumped because of a listing) Spectacular and all that. But a jump this big, this fast always has a consequence : running out of steam very fast. MACD 2H looks as surprised as we are, right now. :/
So, I'd say TRON is looking for some Snickers right now, to be ready to make the next Elliot Wave. Last time the 3rd Motive Wave happened was when 2H MACD crossed upwards. I expect a phase cycle of MACD 2H candles to be completed on the downard phase, before we can see another pump.
With that in mind, I believe TRX will form a Bull-Flag Triangle or a Bull Pennant until that happens and the exit from that would be our queue for the next wave. I also believe this will take some time to happen - no rush.
I also reckon a good buying area for the next Motive Wave to be between 530 and 580 satoshi.
Dream Scenario would be a retracement to 500 sats, but I don't think that is likely, since MA(100) forms a strong support at 530 sats.
With that in mind: lower than 500 sats and staying there = trouble.
Giao dịch đang hoạt động
⋅
If we include the wicks in the triangle it will be a little sharper. MACD 2H is about to cross downwards, so I'm NOT expecting a pump very soon.
Giao dịch đang hoạt động
⋅
Well, it seems TRX wants to be *hodl*ed. It doesn't look that great so far, 480 satoshi is a bit low in my books, but it still holds the elliot wave. Now we are waiting for a spike/pump. *when* it would happen....I have no idea.
@reynar, exactly. I was already positioned for TRX to hit these target... haha i didn't think it would happen until later in the month. Soo you got me there :) I like ur chart tho! keep up the good work
reynar
⋅
@regalia, Thank you! :)
I was expecting it this week, but a warning sign would have been nice.
However, I still believe there is more to come... with a little patience.
The volume is incredible right now: $1.5 Bil and it keeps on increasing.
regalia
⋅
@reynar, I like TRX. it will hopefully make me a millionare :) GL and HF. Patience is a rare commodity among crypto "traders"
reynar
⋅
@regalia,
I'm more neutral to TRX. But fingers crossed for you ^.^
I have a gut feeling 'thou I can't really put my finger on it (it's not about their plagiarised WhitePaper), but something is a bit off. JustinSun is acting too much like "movie star" and too little like a mature, competent (possibly billionaire) CEO - I don't trust that guy that much... So TRX is not really on my list.