Long-Term Time Target Says Acceleration Phase Begins in July
Updated
When taking the time from the high of 2018 to the high of 2021 and adding it to the high in 2021 (see large orange boxes) we get a clear time target for the end of this 6.5 year correction on TRX and many other utility tokens like XRP. This puts the time target for the end of this correction around July of this year. This is also likely to coincide with the end of the SEC v Ripple trial.
After we pass this time target, we should end the volatility compression phase and begin an acceleration phase in utility tokens, with many tokens seeing vertical upward movements similar to 2017. This means some tokens like XRP and TRX could see moves of over 1000% in just one 1 month, and TRX specifically may even see a move of over 10,000-20,000% in a single month as it did in 2017. As in 2017, these huge moves will only be the start of a larger bull market which could last for at least 1 year and see massive breadth throughout the crypto market.
However, before July we could continue to see slightly lower prices. For TRX that could mean we go to around or under 10 cents as we continue to retest the top of the yellow triangle breakout. Either way, July is shaping up to be an extremely significant month for crypto based on the technical time target, breakout pattern, wave count, and the likely conclusion of the SEC v Ripple trial.
After we pass this time target, we should end the volatility compression phase and begin an acceleration phase in utility tokens, with many tokens seeing vertical upward movements similar to 2017. This means some tokens like XRP and TRX could see moves of over 1000% in just one 1 month, and TRX specifically may even see a move of over 10,000-20,000% in a single month as it did in 2017. As in 2017, these huge moves will only be the start of a larger bull market which could last for at least 1 year and see massive breadth throughout the crypto market.
However, before July we could continue to see slightly lower prices. For TRX that could mean we go to around or under 10 cents as we continue to retest the top of the yellow triangle breakout. Either way, July is shaping up to be an extremely significant month for crypto based on the technical time target, breakout pattern, wave count, and the likely conclusion of the SEC v Ripple trial.
Note
So far, it seems like a final pullback may not materialize on TRX like it did on BTC and others. I wouldn't completely rule out a final pull back yet but odds seem to be favoring this following through with the multi-year breakout now.
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