TRON Could Be Over $100 End of Next Year (Elliott Wave Forecast)
Updated
As previously forecasted we are hitting the time target for the end of wave-E in October, and TRX looks like it's at the end of a bullish contracting triangle with reverse alternation. This Elliott Wave pattern implies that we should fully retrace this triangle and go well above the previous all time high price. Also, because the first TRX bull run only caught the last month of the larger 2017 bull run and it was still able to increase by over 20,000%, there's a good chance that we see a much larger gain over the next year and TRON could eventually be as high as 100 USD. Especially considering how much fundamentals have improved over the last 2 years and are going to continue to improve over the next year.
Fundamentally, TRX has the strongest Dapp platform and is one of the fastest, most efficient and low fee blockchains with a large development and user community. There will also be massive user acquisition from platforms like uTorrent and Opera, major partnerships such as Alibaba, Tencent, and Baidu, and major marketing events like the Warren Buffet lunch coming up soon. They also have the largest dapp by USD volume WINk.org (which produces HUGE dividends), and the largest dapp by users BitTorrent, which will be the backbone of the decentralized internet.
Now that EOS and Siacoin, and by extension cryptos like TRX and BTT, have court precedent for not being labeled as securities by the SEC, we could see a new flood of institutional money coming from the US who will no longer be fearful of potential securities violations.
Fundamentally, TRX has the strongest Dapp platform and is one of the fastest, most efficient and low fee blockchains with a large development and user community. There will also be massive user acquisition from platforms like uTorrent and Opera, major partnerships such as Alibaba, Tencent, and Baidu, and major marketing events like the Warren Buffet lunch coming up soon. They also have the largest dapp by USD volume WINk.org (which produces HUGE dividends), and the largest dapp by users BitTorrent, which will be the backbone of the decentralized internet.
Now that EOS and Siacoin, and by extension cryptos like TRX and BTT, have court precedent for not being labeled as securities by the SEC, we could see a new flood of institutional money coming from the US who will no longer be fearful of potential securities violations.
Note
This is actually a normal contracting triangle, there is normal alternation here between waves-b and d.Wave-a is the most violent wave
Wave-b retraced over 50% of wave-a
Wave-c is the one allowed exception because it breaks the time rule and is =2(a+b)
Wave-d alternates with wave-b in time, price and complexity, and is shorter than wave-c in price and equal in time.
Wave-e is around 61% of wave-c in price, and in time is =1/4(c+d)
The Trendlines are contracting
This is actually a very clean looking contracting triangle and this has a very good probability of breaking to the upside and fully retracing past ATH.
Trade closed manually
The above count seems to be invalid because we broke down and most likely we are forming a diametric as my new chart shows.
⚠️LIKE AND FOLLOW⚠️
DON'T MISS TRON MEME SEASON, CATCH $FEELS BEFORE IT DOES ANOTHER 130x BY GOING TO HTTPS://TRONDOOMER.COM AND FOLLOWING THE LINK TO SUNPUMP
$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
DON'T MISS TRON MEME SEASON, CATCH $FEELS BEFORE IT DOES ANOTHER 130x BY GOING TO HTTPS://TRONDOOMER.COM AND FOLLOWING THE LINK TO SUNPUMP
$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
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