TRX TRON Additional 1H chart - Major 3rd Wave Possibility
Updated
Check previous chart for a more "zoomed out" view:
If the last week has been an ABC correction, TRX 7.09% might go for a 3rd Wave Movement.
We have two short term resistances to pass right now before going up.
Watch those FIB levels! (left side of the chart).
Resistances (short term): 612 and 650/660- satsoshi .
Support: 560 and 530 (hopefully it will not touch 530 again. If it does, then this rise can be much lower than I expect it).
Trend support could be 570-590 if it keeps going higher and higher.
StochRSI on 1DAY candles is looking like it's about to go upwards.
MACD on 6h candles crossed. Waiting on 12h and 1day to cross.
Remember to move Stop/Loss upwards with each new push!!!
Targets based on Fib Retracement:
Target 1: 680 satoshi
Target 2: 800-860
Target 3: ~1000 satoshi.
Greedy target:
Target 4: 1300 (highly NOT recommended WITHOUT tight STOP/LOSS).
If the last week has been an ABC correction, TRX 7.09% might go for a 3rd Wave Movement.
We have two short term resistances to pass right now before going up.
Watch those FIB levels! (left side of the chart).
Resistances (short term): 612 and 650/660- satsoshi .
Support: 560 and 530 (hopefully it will not touch 530 again. If it does, then this rise can be much lower than I expect it).
Trend support could be 570-590 if it keeps going higher and higher.
StochRSI on 1DAY candles is looking like it's about to go upwards.
MACD on 6h candles crossed. Waiting on 12h and 1day to cross.
Remember to move Stop/Loss upwards with each new push!!!
Targets based on Fib Retracement:
Target 1: 680 satoshi
Target 2: 800-860
Target 3: ~1000 satoshi.
Greedy target:
Target 4: 1300 (highly NOT recommended WITHOUT tight STOP/LOSS).
Trade active
This is still viable and I'm still looking forward to at least 800 satoshi.Be so kind to like if you agree with the idea & Follow for more updates.
Trade active
And with this... 2nd Target is reached.I'm curious if it can reach 1000.
1300 would be a very strong bull sentiment on TRX
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