The price of TRXBTC cryptocurrency after three up waves is now in corrective cycle wave 4. From a technical point of view, the shape of wave 4 resembles a flag (pennant) pattern and from the Elliott Wave point of view - a triangle pattern. A cluster of Fibonacci levels, which is the abolition of 61% of the last growth swing, is between the ranges 0.00000796 - 0.00000888, just above the level of support at the level of 0.00000690. This support zone should withstand the pressure of supply and be the basis for further growth. Breaking the mountain towards new peaks will be sudden, violent and fast. The first target level is 0.00002420, the second - 0.00002894 (as far as the 4th wave at the level of 0.00000690 will not be violated)
TREND AND IMPORTANT LEVELS:
Main trend: GROWTH
Intermediate trend: DROP
Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking)
Key levels:
- for further increases - level 0.00001398
- for continuing correction - level 0.00000888 and 0.00000796
- for the continuation of decreases - the level of 0.00000690
PS: Be sure to add me to the watchers! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
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Sorry for any spelling mistakes :)
Giao dịch đang hoạt động
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Steady guys, it is going our way! ;)
Giao dịch đang hoạt động
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Steady as we go. Wait for it. Patience.
Giao dịch đang hoạt động
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A corrective WXYXZ pattern in wave 4 might be finally completed. Nice price reaction to the technical support at the low of the wave 4. Now, again, the market must break above the golden trend line, otherwise, no impulsive rally will occur.
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Oh dear. Please watch the green support line at the level of 0.00000479! Buyers defend the support, but for how long?
Giao dịch đang hoạt động
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The main Elliott Wave count had been updated from the impulsive scenario to ABC scenario ( more corrective scenario). Nevertheless, there is still a possibility for a further advance towards the next high as the price has broken out of the golden trend line. The resistance levels are all on the chart. Good Luck! :)
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Is this it?
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The last impulsive breakout marked as wave 1 green did not really bring anything new, because it was completely retraced over time. Breaking below the level 446 will mean the total invalidation of the impulsive scenario, and unfortunately, it will transform the TRX analysis into a typical crypto of PUMP & DUMP character. So far huge disappointment
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No major change here, watch the level of 442, please.
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All breaks take place in only three waves, so the wave of 1 in 945 has not been broken yet. In addition, the price is dangerously close to level 427, the breaking of which will invalidate the rise meter. More and more the behavior of the market is similar to the scheme of beaters (PUMP & DUMP) and not a specific upward trend. As this continues, it will be the biggest disappointment of 2018. The TRX is working hard on it.
The problem with TRON is that a lot of people who are invested in it, are new to Crypto and when you're new to Crypto, you're just itching to get the next trade done ASAP and start making money, I've been trading Crypto for a while, and the most important lesson I have learnt is that it doesn't work like that. Yes, sometimes you can catch a quick profit, but never on predicted trades like this, on trades like this you have to sit and wait it out, that's exactly why people who don't have the patience to wait, will end up losing the most, people who just relax and go with the flow, setting up sell orders, while getting on with their lives will earn the most, they will eventually end up with your money in their pockets. The moral of the story is that Currency exchanges are simply tools for the patient, to take money off the impatient.
People, no charts will EVER be an exact read of what is going to happen in the future. This why they are called ideas. Stop giving the man so much crap about it's just one of thousands of ideas. Be open to other possibilities, and make form your own analysis from a collection of ideas.
HyperionAllied
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@zer0attr1b, finally a clear head, he's giving us a probabilities not certainties.
Broom
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IS this chart a joke?
Bogacz84
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Any chance for an update Please :) Thx
SlipperyCoin
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I bought Tron based on emotion (bad Idea)
Now I want out because im starting to dislike it.."emotional" (bad Idea)
I think Im going to have to draw a line and live with it...Any suggestions to that line?
I Bought 45,000 tron at 1050...
pevico
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@dfeener, relax and just wait
p7b7
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@dfeener, 30.000 at 13000 :), just hodl
rdeso008
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@dfeener, yeah what is the matter with you. youre obviously new to this game. sit on your hands or regret it later