Hey guys, I've tried to map out a long play in the works here. Three important events are coming that would signal people towards an imminent bullish momentum:
1) TRX Coin Burn (3/31/2018)
2) TRX Test Net Launch (3/31/2018)
3) TRX Main Net Launch (5/1/2018)
In preparation, I've mapped out a potential timeline for the long play here. Of course, The likelihood of it following this exactly is slim to none, but it's a good guideline for possible retracements. Regardless, targets are as follows:
TP 1: 770 Sats
TP 2: 1045 Sats
TP 3: 1238 Sats
TP 4: 1432 Sats
TP 5: 1665 Sats
TP 6: 2050 Sats
For the upcoming days (after events one and two occur), I can safely assert that we'll hit Target 1, and very likely Target 2. Target 3 might be a bit of a stretch, but I won't rule it out of play. If this movement is REALLY explosive, we could see profit taking at Targets 4 and 5. To me, it seems most likely that Targets 4, 5, and 6 will come closer to the Main Net Launch.
In my title, you will see my potential profit targets of a staggering 390%-1180%. As absurd as it sounds, the math was done on both (assuming best case scenarios). 390% assumes an entry of 420 Sats followed by an exit at Target 6. 1180%, however, assumes that you are profit taking and re-entering at each Target and resistance level (denoted by the white dotted lines), compounding to approximately 1180%.
Here is a view of that larger picture for reference:
With that said, the reason behind my beliefs of further retracement before 3/31/18- If you look at the 4H chart, it appears that an Adam and Eve Double Top has formed, and through replicating the time frame of the formation, we are almost perfectly brought to 3/31/18 for a full retracement to 420 Sats. Knowing how this market operates, it would seem wildly obvious to me that this is what smart money wants, so they'll drive this price down right before the launch. Assuming we don't retrace, I would suggest a long entry around 630 Sats.
I really hope you guys make some good money here, we all deserve it after the Hell we've been through lol.
FYI, my paths drawn are NOT EW, but merely projected pathways, so if you believe that I'm drawing incorrect waves, I'm not.
1) TRX Coin Burn (3/31/2018)
2) TRX Test Net Launch (3/31/2018)
3) TRX Main Net Launch (5/1/2018)
In preparation, I've mapped out a potential timeline for the long play here. Of course, The likelihood of it following this exactly is slim to none, but it's a good guideline for possible retracements. Regardless, targets are as follows:
TP 1: 770 Sats
TP 2: 1045 Sats
TP 3: 1238 Sats
TP 4: 1432 Sats
TP 5: 1665 Sats
TP 6: 2050 Sats
For the upcoming days (after events one and two occur), I can safely assert that we'll hit Target 1, and very likely Target 2. Target 3 might be a bit of a stretch, but I won't rule it out of play. If this movement is REALLY explosive, we could see profit taking at Targets 4 and 5. To me, it seems most likely that Targets 4, 5, and 6 will come closer to the Main Net Launch.
In my title, you will see my potential profit targets of a staggering 390%-1180%. As absurd as it sounds, the math was done on both (assuming best case scenarios). 390% assumes an entry of 420 Sats followed by an exit at Target 6. 1180%, however, assumes that you are profit taking and re-entering at each Target and resistance level (denoted by the white dotted lines), compounding to approximately 1180%.
Here is a view of that larger picture for reference:
With that said, the reason behind my beliefs of further retracement before 3/31/18- If you look at the 4H chart, it appears that an Adam and Eve Double Top has formed, and through replicating the time frame of the formation, we are almost perfectly brought to 3/31/18 for a full retracement to 420 Sats. Knowing how this market operates, it would seem wildly obvious to me that this is what smart money wants, so they'll drive this price down right before the launch. Assuming we don't retrace, I would suggest a long entry around 630 Sats.
I really hope you guys make some good money here, we all deserve it after the Hell we've been through lol.
FYI, my paths drawn are NOT EW, but merely projected pathways, so if you believe that I'm drawing incorrect waves, I'm not.
Note
There is a chance of this dip being breached, so be weary. Long target around 630.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.