TRX/BTC possible new wave
Updated
TRX currently has a huge retracement.
It seems that currently is in Elliot 4th wave and may prepare to a 5th wave.
1d, 4h and lower timeframes Stoch RSI look like wanting to reset
It may also touch the trendline or go a little bit lower.
Even if not so and there is a bull trap, we can take advantage of it.
Looking to sell at older support and resistance levels.
It seems that currently is in Elliot 4th wave and may prepare to a 5th wave.
1d, 4h and lower timeframes Stoch RSI look like wanting to reset
It may also touch the trendline or go a little bit lower.
Even if not so and there is a bull trap, we can take advantage of it.
Looking to sell at older support and resistance levels.
Note
Broke the downtrend and is heading to first targetTrade closed: target reached
First target reached and currently has a pullback... May still go even higher but will not chase the price. Will reanalyze the market.More details sent in Telegram Channel.
Note
It seems that my wave count was wrong.Here is a new idea:
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