TRX/ETH Fibonacci Retracement Analysis
Updated
Based on my Fibonacci & Technical analysis, recent downward in price is a reflection of recent surge in price.
From Jan 2-5, TRX went from $0.006 to $0.28 during an explosive upward rise.
This has been followed by the predicted downward price correction before the next big run. My prediction is that the price will find its new support line located at $0.15 (near 0.618 Fibonacci line) on Jan 7th.
New support has been formed at $0.15 (0.00015 TRX/ETH) to be ready for the next rebound up!
This is setting nicely up for the next new growth peak, predicted at 1.618 Fibonacci scale of $0.36 (0.00036960).
Before Reaching $0.36, next resistance line may reform at $0.28 (0.000282, the last peak from Jan 5) before breaking through to $0.36 (at 1.618 Fibonacci line).
For me, Tron has solid investment and talent to back it up. Now it is top 10 currency. I am very bullish with long term investment. Plan is to follow the ride using Fibonacci to predict the market.
Pick up more tron at 0.00015 then,
25% sell at 0.00028 (TRX/ETH) or $0.28. Then buy back in at 0.000197 (TRX/ETH) or $0.19.
25% sell at 0.00036 (TRX/ETH) or $0.36. Then buy back in at 0.00023 (TRX/ETH), or $0.23.
Keep 50% of holdings at all time for long term investment, or at least until it hits $10.
I welcome constructive comments. Thank you for reading and happy trading! =)
From Jan 2-5, TRX went from $0.006 to $0.28 during an explosive upward rise.
This has been followed by the predicted downward price correction before the next big run. My prediction is that the price will find its new support line located at $0.15 (near 0.618 Fibonacci line) on Jan 7th.
New support has been formed at $0.15 (0.00015 TRX/ETH) to be ready for the next rebound up!
This is setting nicely up for the next new growth peak, predicted at 1.618 Fibonacci scale of $0.36 (0.00036960).
Before Reaching $0.36, next resistance line may reform at $0.28 (0.000282, the last peak from Jan 5) before breaking through to $0.36 (at 1.618 Fibonacci line).
For me, Tron has solid investment and talent to back it up. Now it is top 10 currency. I am very bullish with long term investment. Plan is to follow the ride using Fibonacci to predict the market.
Pick up more tron at 0.00015 then,
25% sell at 0.00028 (TRX/ETH) or $0.28. Then buy back in at 0.000197 (TRX/ETH) or $0.19.
25% sell at 0.00036 (TRX/ETH) or $0.36. Then buy back in at 0.00023 (TRX/ETH), or $0.23.
Keep 50% of holdings at all time for long term investment, or at least until it hits $10.
I welcome constructive comments. Thank you for reading and happy trading! =)
Note
As predicted 16 hrs, TRXETH is stabilizing nicely at 0.00015. =) Now, getting ready for the upward rebound!Note
***This is my opinion only. Please remember to invest at your own risk.*** If you like my analysis,
Bitcoin: 1CP5a6w7wCuttMSFdZLhgfmYuN2gtK2ufd
Ethereum: 0x02359B699CF508Ffd7056634326381fAdA5890B7
TRX: 0x02359B699CF508Ffd7056634326381fAdA5890B7
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