Long

TRON - MOON OR PIT?

Updated

Looking at the 2 Hour chart, we can see that the 4th wave of Elliot wave cycle is about to get completed.

From here, there 2 possible scenarios:

1. It can complete this 4th EW and then head or the 5th wave i.e uptrend.

2. It can keep going downwards and make H&S pattern.

WE have to wait wait for some more time for the confirmation on any of the scenarios.

I signalled to buy TRON when it was trading in 430-ish range. Congratulations to everyone who followed my previous trades and locked in some profits.

The positive factor which can support upward movement of EW is that TRON is releasing it's TEST NET on 31 March. A lot of hype already. So, expect some significant increase in price.

P.S: This is not an investment advice. This is for educational purpose only. Invest at your own risk.

Good luck trading.!
Peace.

Note

This maybe too early to predict, but imo we will be following that 5th wave.

Hourly Chart:

2-Hour Chart:

4-Hour Chart:

Now it's all waiting game.
Good luck!

Trade active

Early signals of Break out. I think we are completing the 5th wave.

Note

WE followed the 5th wave and reached the first target of around 550. Congratulations.

Now are are retracing a bit and then we will be headed for our next target. Good luck everyone, hope you traded as per my signal.

Trade active

Going for another RUN.

johntradingwick

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/

Also on:

Related publications

TRON - DESTINED TO MOON.!

by johntradingwick

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.