Tron (TRX) - Analysis
The Tron Train Is Delayed
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Tron has formed a standard ABC correction after a powerful extended 5th impulse. My take is that this correction will be longer than expected. If you check my previous post on Tron you can see that I presented a second scenario which is a longer correction.
I know many of you bought the top and don't know what do to with this coin. I'm not here to tell you what to do but if I was a long time hodler then I would just try to ride out the correction. I'm only interested in the technicals and haven't really found anything special with this coin. However when it breaks out it will impulse pretty quickly. There's also a case where the correction will be forming a cup and handle, and we all know what happens after the handle is completed; major impulse!
What's your take on Tron? If there's anything you would like to add about this coin, please upvote and comment below and I'd be happy to discuss this coin. Also if you want to join my free fund, please check the pinned post on my Twitter.
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Scenario 1
Scenario 2
Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
To be honest I don't understand why so many people is so bullish on Tron. I like the project but the circulation supply is unbelievable high and I don't think it can get that high.
My personal opinion is that its value is a bit over-rated.
Lots of hype I guess :)
I agree with you, lot of people got into TRX with FOMO, lot of news driven trades
Yeah, probably at the worst spot in retrospect
I think Justin Sun has a lot of learning to do about being a leader and stop announcing announcements. I bought in before the run up, I forgot about the sat value but it was around .02 cents. I’m holding (but I hold everything, lol I haven’t sold anything since I started buying in July)
Yeah, believe it will go up eventually
Thanks ben!
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Ahora mismo realice yo un analisis de TRON y le subí a mi blog. Muy bueno, pero creo que romperá rapido.
Good works
Thanks!
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