TRONLong
TRX Perfect Bat Harmonic, Complex Correction, Double Bottom
Updated
TRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar.
All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
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The stop and reverse turned out to be profitable, now with this bounce back it seems there is another good chance we have bottomed.Note
This count is probably more likely at this point, while the original diametric is possible, unless we retrace all of wave-g faster than it was formed then we will probably end up forming a complex correction that could end next week, with some more downside possible in the meantime, depending on how low wave-c can go.
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Based on longer term charts, especially on BTC and the S&P, and also considering the failure of the original buy signals on TRX, a sharper, larger decline is starting to appear much more likely now.
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$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
Go to feels.meme and buy $feels to get the next 10,000x memecoin on TRON
$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
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