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!
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"....
... 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
Previous @haejin thanks!!
come visit my blog, let it also be an honor for me. I am also happy to visit the blog @haejin, the faithful give upvote for you.
Big Thank's For @haejin 😎
Welcome to update cryptocurrency news
Thanks for sharing blockchain
I like this update cryptocurrency news
The huge information here.
Love the updates, Haejin!
Really This post is a bit different from the other day's! As you say,
Thanks @haejin for your explanation, I am learning a little more thanks to you, God bless you.
Regards...
Will the pattern you showed above happen with the mainnet going live? Could it continue past the 618 and just keep going?
Amazing thanks for this
Extended Fifth. My favorite symphony... Beethoven was a genius! Fantastic!
Coins mentioned in post:
tron moon
dear @haejin It is true that this post is a bit different from the other day's as it is more bullish in projection
As simple as this sentence is, it is often the most hardest advice to take in cryptotrading when human emotions set in.