Friends, Romans, Countryman... Tron is coming. 50% profits!!!
Updated
Easy Breezy... Tron has waited a long time for this moment. TRX's All time low on Binance sits at .00000382 (noted by solid white line at the base of the chart). Current price action is finally making its way towards what we have all been waiting on. First, the recent spike followed by a rapid decline has started to reveal what is possibly the left shoulder and left side of the face of an inverted Head and Shoulders (H&S). "IF" the price action bounces off the most recent support and resistance trends (drawn in purple), then the lower bounce will confirm the head and the bounce off the upper trends lower will encourage the final bounce off the lower trend and support the final inverted H&S. A subsequence movement supported by the inverted H&S will confirm a final bullish movement. Ass an added bonus to the inverted H&S, the price action within the 4-hr Elliott Wave Impulse Wave (outlined blue) is entering into Wave 3, known by the theory as the strongest of the "Impulse Waves" and never the shortest.
Additionally, the theory suggests that the third wave must extend past the end of Wave 1 to be correct and typically Wave 3 = 1x Wave 1 or Wave 3 = 1.6x Wave 1. "IF": Wave 3 = 1x Wave 1, "THEN": = approximately 25% profits. "IF": Wave 3 = 1.6x Wave 1, "THEN": = approximately 50% profits.However, profits can fall anywhere in-between.
The missing link to success and unknown for this trade is volume. This is pure speculation and only my opinion: "once the price breaks bullish (above the inverted H&S), "BOTs" will be all over this coin as there is no major resistance in the immediate future".
Good luck trading... its great time to be in crypto
Additionally, the theory suggests that the third wave must extend past the end of Wave 1 to be correct and typically Wave 3 = 1x Wave 1 or Wave 3 = 1.6x Wave 1. "IF": Wave 3 = 1x Wave 1, "THEN": = approximately 25% profits. "IF": Wave 3 = 1.6x Wave 1, "THEN": = approximately 50% profits.However, profits can fall anywhere in-between.
The missing link to success and unknown for this trade is volume. This is pure speculation and only my opinion: "once the price breaks bullish (above the inverted H&S), "BOTs" will be all over this coin as there is no major resistance in the immediate future".
Good luck trading... its great time to be in crypto
Note
Looking good so far... (+) The Head of the H&S closed 2 Satoshi short of our support line and the left-side of what appears to be the right shoulder closed only 1 Satoshi short. Close enough for government work. (+) Additionally, on the 4 hour chart on a the MACD and the Relative Momentum Index are both turning North in support of the 3rd Wave of the Elliot Wave Impulse Leg. (-) Volume is still "low to moderate" (our secret ingredient) and will be required for a huge breakout. (+) given the fact that this is the 3rd leg/strongest leg of the Wave, statistically there is a 98% chance (that is NOT 100%) that TRX hits the original 25% profits margin within the next 14 days if not well before. Happy trading
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