Minimum Target for TRX of 22 cents in September (Elliott Wave)
TRX has formed into a running c-failure flat corrective pattern, with wave-c forming a very large 5th wave extension terminal impulse. Glenn Neely told me last week when working on this count that terminal impulse patterns often go on for longer and further than most people expect, and this occurred here because wave-c was much longer and larger than what would have otherwise been expected, such as the max time target of a+b, and the max price target of c=a both being exceeded (red boxes).
We're also seeing a strong bounce now which is a probable sign of a bottom right as wave-5 is equal to wave-1+3 in price and wave-1+2+3+4 in time. All these signs are very very good that we are about to continue the larger break out that I have been talking about for several months!
The minimum target of 22 cents comes from the strength exhibited by the c-failure flat pattern which implies we should see a move that is at least 161.8% of wave-1 (assuming it is wave-1 and not something else). It's also possible wave-1 and 2 are mislabeled and actually an even larger pattern is ending at wave-2. This would mean that we see a move which far exceeds 22 cents in September!
This all coincides very well with the memecoin strategy being employed now by Justin Sun which will bring tons of marketing attention on TRON as traders continue to get rich from memecoins like they did with SUNDOG and SUNCAT.
I've also launched my own memecoin on Sunpump called FEELS which I believe could be very successful in the future, and is backed by a diversified reserve of tron-based crypto assets and memecoins.
We're also seeing a strong bounce now which is a probable sign of a bottom right as wave-5 is equal to wave-1+3 in price and wave-1+2+3+4 in time. All these signs are very very good that we are about to continue the larger break out that I have been talking about for several months!
The minimum target of 22 cents comes from the strength exhibited by the c-failure flat pattern which implies we should see a move that is at least 161.8% of wave-1 (assuming it is wave-1 and not something else). It's also possible wave-1 and 2 are mislabeled and actually an even larger pattern is ending at wave-2. This would mean that we see a move which far exceeds 22 cents in September!
This all coincides very well with the memecoin strategy being employed now by Justin Sun which will bring tons of marketing attention on TRON as traders continue to get rich from memecoins like they did with SUNDOG and SUNCAT.
I've also launched my own memecoin on Sunpump called FEELS which I believe could be very successful in the future, and is backed by a diversified reserve of tron-based crypto assets and memecoins.
Note
This correction went on slightly longer than originally expected, but now that we have formed into a contracting triangle pattern, and wave-I related to wave-H by 161.8% in time and retraced exactly 38.2% of wave-H. So now with all these fibonacci ratios and the overall structure and the strong bounce we are seeing now, it seems likely that we are beginning the next wave up now with the same minimum target of around 20 cents.
Note
While the bottom did form on that last update, it seems likely we will continue to retest the lows at least one more time on TRX before this correction is finally over. This is probably because we formed an x-wave after the first flat pattern and are now forming another flat or triangle pattern after the x-wave.
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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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