TRX in case we admit that cryptomarket has turned bullish.
TRX/USDT shows strength since both upward waves were impulses supported by volume . Tron has now stopped at 0.5 fibbo since the last move on the lower TF , however , I expect a further downward movement on BTC/USDT by approximetely 2% , so I believe that we will see a deeper correction on TRX/USDT at 0.786 fibbo (about 0,0348$)<-great buy zone.Take profit targets are mid-term , but the first one is 0,051-0,0518. Hope you guys enjoy.Wish you a huge profit!
Note
A closer look on the chart . I'd better correct a buy zone : 0,0336-0,0348. And do not forget about IHS , aim of which is almost the same as a potential wave 3 has (0.05$).
Note
Hello everyone.As you can see from my yesterday analysis I expected BTC's movement to be more influential on TRX/USDT , but the price stopped at a strong level of support (0,618 fibo).If you haven't bought yet , you can open a long position after a small correction of the last impulse.
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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.