DeWit
Long

TRX - TRXBTC signs of turning bullish.

BINANCE:TRXBTC   TRON / Bitcoin
Tron is gaining traction again! After being dead for almost 2.5 months, TRX             is attracting the bulls.

Indicators:
- It broke the red downward trend.
- MACD is turning bullish .
- RSI reached its low and is now showing bulls buying from the weaker hands.
- OBV is showing the upward movement is accompanied with buying volume!

All in all, TRX             is looking good. Since I am very bearish concerning BTC             , and BTC             dictates the entire crypto market
(P&D set aside), one should include a tight stop loss for this trade.


Buy in range
440 -- 470

First Target
500

Second Target
550

When TRX             actually starts shooting up, Targets will be adjusted.
Comment: First and Second Targets have been reached! Tron is consolidating nicely and never broke its 0.5 Fibonacci ratio. Based on Elliott wave theory, Tron is expected to have at least a final 5th wave up.

Third Target
650
Trade closed: target reached: First Target
500 (Reached)

Second Target
550 (Reached)
Trade closed: target reached: Third Target
600 (Reached)
Comment: 650*

hello, and to where will the correction?
Reply
DeWit hahamas
@hahamas, Based on Fibonacci, 500 sat.
Reply
good stuff :)
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