Just learning elliot wave theory and ABC correction, new to crypto here and I am all in TRX :D
It looks like we hit the bottom for this correction phase...bull run incoming?
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Updated chart with targets
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Looks like we are going down...went back up a bit after hitting 720 buy overall trend is still downwards. I sold at 746 and praying it will hit closer to 700 so I can buy back in. Not sure if my lines of support are accurate or not...please offer your insight.
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Didn't drop low enough...I bought back in and gunna hodl til the next wave up.
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I sold again and am hoping for another drop down to 700, will need to see how it reacts to BTC, which I think will inch closer to 8k again before Monday. But what do I know...let me know what you think
I don't think elliot is very accurate in the 15 min time frame.
GabrielVasile
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I believe it can almost double till main net
MZ32
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What do you think of XVG? it seems identical to TRX
Peterburry
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I would be patient if hodling. It may be another week or even 2 before you see any action that sets up a real bullish move. Everyone thinks the main net launch is gonna be huge for tron. I'm not so convinced if the rest of the market is in the midst of a bearish correction(which it kinda seems we are atm). Be careful and set losses and tarets rather than trying to nail the top or hodling in anticipation of something that's not coming. Just my opinion
luhosenpai
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@Peterburry, Thanks for your insight. I do agree it'll take another week before we see some action. I have trouble identifying exactly when to sell and buy back in...I hodled during the last pump when I could have increased my position so now I'm actively looking to take try and take some profit before it moons
Peterburry
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@luhouru, yeah I was holding and watching when it hit 1083, but the waves down and up never seemed to end and then greed got the better of me. Sold at 1040 and the fomo'd back in later when I saw it rising again, only to see it drop off a cliff. Lesson learned
Jefhughe
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I'm thinking the last C will drop closer to 700 before we see a total correction but I'm new as well so what do I know. the 750 -780 has been holding a relatively strong bottom support.
luhosenpai
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@Jefhughe, You could absolutely be right...if there's anything I learned from the last few months its that everything goes opposite than expected...I missed selling at the previous top so I'm holding for now.