Spectacular and all that.
But a jump this big, this fast always has a consequence : running out of steam very fast.
2H looks as surprised as we are, right now. :/
So, I'd say TRON is looking for some Snickers right now, to be ready to make the next .
Last time the 3rd Motive Wave happened was when 2H crossed upwards.
I expect a phase cycle of 2H candles to be completed on the downard phase, before we can see another pump.
With that in mind, I believe TRX will form a Bull-Flag Triangle or a until that happens and the exit from that would be our queue for the next wave.
I also believe this will take some time to happen - no rush.
I also reckon a good buying area for the next Motive Wave to be between 530 and 580 satoshi.
Dream Scenario would be a retracement to 500 sats , but I don't think that is likely, since MA(100) forms a strong support at 530 sats .
With that in mind: lower than 500 sats and staying there = trouble.
MACD 2H is about to cross downwards, so I'm NOT expecting a pump very soon.
It doesn't look that great so far, 480 satoshi is a bit low in my books, but it still holds the elliot wave.
Now we are waiting for a spike/pump.
*when* it would happen....I have no idea.
Volume went down a bit, but I'm waiting for that MACD 2H to turn around nice and slow.
Hopefully, we won't have to wait for MACD 4H for the next wave....But it is a possibility
I was expecting it this week, but a warning sign would have been nice.
However, I still believe there is more to come... with a little patience.
The volume is incredible right now: $1.5 Bil and it keeps on increasing.
I'm more neutral to TRX. But fingers crossed for you ^.^
I have a gut feeling 'thou I can't really put my finger on it (it's not about their plagiarised WhitePaper), but something is a bit off. JustinSun is acting too much like "movie star" and too little like a mature, competent (possibly billionaire) CEO - I don't trust that guy that much... So TRX is not really on my list.
As technology, I'd go with XLM (Stellar) anytime.