Hi,
We can see TRX/BTC has punched through the daily 200MA and the 618 fib level with a bear flag.
if we take the length of the flag pole it will proceed down very close to the 786 level. if it gets this close it will ping it.
(TRON likes to throw wicks out to its fib levels but then hits them anyway).
however there is a possibility we are approaching the bottom of a wave 4 in a big Elliot wave cycle. top of wave 1 if 434ish satoshis. wave 4 cannot pass into wave 1.
watch the 450-435 levels if it pass that we are going down to 410-400 and possibly more if TRON doesn't bounce on the 786.
not advice just an opinion. enjoy the charts.
Boo Cha!
We can see TRX/BTC has punched through the daily 200MA and the 618 fib level with a bear flag.
if we take the length of the flag pole it will proceed down very close to the 786 level. if it gets this close it will ping it.
(TRON likes to throw wicks out to its fib levels but then hits them anyway).
however there is a possibility we are approaching the bottom of a wave 4 in a big Elliot wave cycle. top of wave 1 if 434ish satoshis. wave 4 cannot pass into wave 1.
watch the 450-435 levels if it pass that we are going down to 410-400 and possibly more if TRON doesn't bounce on the 786.
not advice just an opinion. enjoy the charts.
Boo Cha!