Tron Spikes Recoveres by 147% And Now Consolidates
We a massive uptrend of 174% followed by a correction beginning. Traders are watching closely near prime b uy zones between the 0.618 and 0.382 fib regions. If a bounce happens here, it may imply the impulse wave has not failed. Though if failure does happen and this correction wave retraces fully below wave 1 territory, then we will get an extended WXY correction.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Please consider these videos:
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Quick Intro to Analyzing Level 2
Lesson 11 Introduction to Laddering
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!
Luna's personal bitfinex account:
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish
Thanks for the informative article. Justin Sun is a great leader of the TRON/TRX brand and I think he will make TRX into a big success. There is a ton of interest and a following of TRX as I think a lot of new comers see the price and get in thinking they can have a greater return because of how much they can buy. While this may be true TRX has 65.75 billion supply and currently has a market cap of a little over 5 billion so there is a long way to go before we see some big numbers from this coin. But, I feel that with the partnerships they are making it will grow a huge following. But as always HODL and hope for the best. Cheers!
Great post, Ive also been monitoring tron closely. Made some profits on that little breakout and have been trading it on the 1-2hr charts in the down trend. But it looks like a mini consolidation took place. I however believe that it could see big gains in the coming weeks.
Hi. I'm also considering this as possibly a WXY correction too. However, 1) the potential X wave has a five-wave count, and 2) heavy volume accompanies it, almost equal to the ATH volume. Is it possible that the X wave is actually a 3-wave unit?
Would really appreciate your reply, Philakone. You're doing a great job!