Tron (TRX) - Long-Term Bullish Scenario

in #bitcoin • 5 years ago

Disclaimer:

This is a format to document not my predictions of price, but rather my hypotheses on what could possibly occur in the future with price movement. I am not a financial adviser, and you should take neither buying nor selling actions based on what I have expressed below.

Looking at the weekly chart, did TRX bottom back in August at 259 sats? Since then, TRX has been unable to put in lower lows, and we have clear and quite strong impulses upwards (especially most recently):

Is price impulsing in the following fashion?

Given that we are currently seeing strong upward moves would agree that we are on wave 3, which tends to move with the most vigor.

Let's change our scale to daily candles and consider what to expect if we are on wave 3. Keep in mind that this is a very bullish scenario. Remind yourself of the difference between possibility and probability.

It goes without saying that the performance of TRX is going to be correlated with the performance of BTC. If the year-long bearish trend in the cryptocurrency market continues to play out, I would not expect price to move in the fashion I have expressed above.

#cryptocurrency #btc #tron #trx
5 years ago in #bitcoin by
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