TRON (TRX): An Extended 5th Event Potential
SUMMARY
Tron (TRX/USD) has built the left wall of the very tall rounded bottom formation. It has also completed the basin phase (blue box). Since symmetry is important in patterns, the most likely way to reach the level of the left wall's price height is by an extended 5th wave. The below chart shows that waves 1,2 and 3 are likely placed and 4 is being worked on. IF this count is correct, a phenomenal price move is probable.
This post is a bit different from the other day's as it is more bullish in projection. The blue subwaves of wave 3 are not complete and has wave 5 remaining. However, what is most compelling is the MACD which is sitting on the apex of its own symmetrical triangle and could have explosive outcomes. Now, once you seen an extended 5th way pasy the 1.618 length of wave 3; what do you do? That's right, you take profits and don't walk but run! Extended 5ths almost always result in a very deep correction.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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I love extended fifth...It makes me smile...
Agreed. There's usually always a correction after it.
I have trx has huge potential in crypto market in future
I believe it is a pump and dump coin. But you can get 10x if you are quick.
Why do you think it is a pump and dump? Can you be specific or are you just giving an opinion without any facts?
Too many things to list. Lets call it my subjective opinion. 😉
I tend to invest in stuff I believe in, and understand. Admittedly I have missed on some. It's hard to put money into something you don't believe in. It has served Warren Buffet well over the long term.
But it does not mean that you can not trade one. 😜
Yep.. even bullshit has a market. Human waste is sold at the local Home Depot. It helps the plants grow.
TRON is not a pump and dump coin. It's community has been growing for the past year now. TRON Reddit has over 64,000 users. TRON telegraph growing, twitter growing. TRON & its upcoming Blockchain Platform is the real deal.
TRON is a long term hold. IMO
But its like an empty coin yet, just a token of what it will be. I dont' like that in crypto world, I like coins like Bitshares that are already running on the rails with a bright future.
Exactly - just an empty coin with a lot of hype and marketing around it.
Like the pet rock?
I had to search for it. You nailed it!
the chart connected to you post may be a cup and handle pattern. its not showing enough info, but the handle may break north w/o looking back at any time. More info needed
Hahahahaha, kind of, one part of me thinks the same that @scorer, and other part of myself thinks "BUT HEY! They have a test net right now and a pretty nice interface for their "pet rock", they clearly convinced lot of people to put money into it. And, finally, if you read their roadmap (Q2 Mainnet launch) it is an interesting project that will intend to cover LOTS of edges"....
That's why you need to make your own decision. Maybe it works out.
... you just described a lot of cryptos...
Of course. That's why nobody knows which one is going to be the right one.
I have trx also - I keep hearing it will hit $1.00-2.00. After reading this article Im thinking maybe sell at $.24-48 and rebuy after dip?
Mainnet Launch (May 31)
https://www.coinevents.co/tron-trx-353.html
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Welcome to update cryptocurrency news
Thanks for sharing blockchain
I like this update cryptocurrency news
Really This post is a bit different from the other day's! As you say,
Coins mentioned in post:
Love the updates, Haejin!
Extended Fifth. My favorite symphony... Beethoven was a genius! Fantastic!
Amazing thanks for this