TRON [TRX]: guys, pay attention to this pattern...
I am not really a fan of this altcoin which I think it has more marketing than technical aptitudes right now but when looking for Trading opportunities based on Technical and Pattern Recognition techniques I cannot deny the evidence of what seems to be a great chance of success.
Besides the recent announcement of the mainnet SUN Network launch scheduled for August 10 , TRON [TRX] has completed already a full cycle of 5 waves up and 3 waves down, Golden-cross reached on early February and it has broken the triangular pattern already by mid March.
Additionally, we have a perfect Inverted Head and Shoulders Pattern on the daily chart, ready to trigger the price upwards:
Projected target is 0.056 USD while analising the FIBONACCI's levels we could say that being the 1st and the 2nd wave completed, a conservative value for a third wave touching 0.059 USD seems a realistic target:
All in all I think this altcoin is going to take off in short, be ready for that.
Enjoy!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Maybe it's just because Steem Monsters (Splinterlands) is gonna be active on their chain too? 🙂
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Hopefully 😂, everything helps
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Nice analysis @toofasteddie. TRX is looking bullish overall, but wouldn’t be surprised to see a small pull back before taking off.
Thanks, will see but I’m very bullish with TRX right now
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Which exit price you setting?
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0.059 to 0.065 USD
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you going hard! that's a x2 :)
i get a bit confused tho, when i compare to trx/btc graph
which makes me think that maybe trx/usd pumps because btc pump so i'm dreaming with a btc price back to 10k hahah
Opino como tú sobre el marketing y Tron
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good job