A – we get a 50% fib retracement down to 1281, it bounces around a while in the 50% - 61.8% range before then hitting the floor at 23.6 retracement.
B – We retrace back to the original 50% before now returning to our first floor at 23.6%
C – We are now back at our 23.6% retracement.
With general news looking good for TRX I don't expect a drop down to 718sats, but more likely to rebound to 1000 range then start a new upward trend which will depend on our trading volume which right now on binance is 34.3k BTC.
Elliot wave looking nice too. Along with low buy buy signal being issued on RSI and the DMI looking likely to cross soon.
B – We retrace back to the original 50% before now returning to our first floor at 23.6%
C – We are now back at our 23.6% retracement.
With general news looking good for TRX I don't expect a drop down to 718sats, but more likely to rebound to 1000 range then start a new upward trend which will depend on our trading volume which right now on binance is 34.3k BTC.
Elliot wave looking nice too. Along with low buy buy signal being issued on RSI and the DMI looking likely to cross soon.
Comment:
Looks like we didn't break the trend, we are heading down to 23.60 fib at 718 sats, then i think we will bounce.
Comment:
Just hit our 23.60% fib level, lets see how we go.