sebastian.seliga.7
Long

TRON #TRXBTC - huge bullish flag pattern! +300%!!!

BINANCE:TRXBTC   TRX/BTC
TECHNICAL ANALYSIS OF TRXBTC             CRYPTOCURRENCY:

The price of TRXBTC             cryptocurrency after three up waves is now in corrective cycle wave 4. From a technical point of view, the shape of wave 4 resembles a flag ( pennant ) pattern and from the Elliott Wave point of view - a triangle pattern .
A cluster of Fibonacci levels, which is the abolition of 61% of the last growth swing, is between the ranges 0.00000796 - 0.00000888, just above the level of support at the level of 0.00000690. This support zone should withstand the pressure of supply and be the basis for further growth.
Breaking the mountain towards new peaks will be sudden, violent and fast. The first target level is 0.00002420, the second - 0.00002894 (as far as the 4th wave at the level of 0.00000690 will not be violated)

TREND AND IMPORTANT LEVELS:

Main trend: GROWTH

Intermediate trend: DROP

Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking)

Key levels:

- for further increases - level 0.00001398

- for continuing correction - level 0.00000888 and 0.00000796

- for the continuation of decreases - the level of 0.00000690



PS: Be sure to add me to the watchers!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Comment: Sorry for any spelling mistakes :)
Trade active: Steady guys, it is going our way! ;)
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Trade active: Steady as we go. Wait for it. Patience.
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Trade active: A corrective WXYXZ pattern in wave 4 might be finally completed. Nice price reaction to the technical support at the low of the wave 4. Now, again, the market must break above the golden trend line, otherwise, no impulsive rally will occur.
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Comment: Oh dear.
Please watch the green support line at the level of 0.00000479!
Buyers defend the support, but for how long?
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its a HOLD for me until the price gets to zero or the team packs up and goes home.
+1 Reply
Thanks for the updates. Bunch of people thinking TA is gospel. This is just a probabilities indicator people. You took a gamble because the odds were in your favor and if you lost just get over it, accept it and move on
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It's a huge hit in my portfolio, still hodling ! Hope it reach to 2400 soon...
+2 Reply
Mishab1st SimonCailleaux
@SimonCailleaux, I think leason should be learned. Do not concentrate more than 25% in one asset. Many beginners, including me, doing the same mistake.
On the other hand, I bout at 300 satoshi so it is OK and I belive in the project for the long term.
I think to hold will be the best option but in future I will not put so much in one asset. Currently I have about 40% of trx
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@Mishab1st, I have 20% but I don't like to see red color !
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rfarsh01 Mishab1st
50% tax here, 50% xrp
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HODL or BTFD. Patience fellas..
+1 Reply
I have been holding on a little longer because of this post, but just decided to sell my position. Tron is just at the start of their project and I can tell from their Github that they are not as active as a billion dollar company should be. It will sure go up again, once they have a functioning product to present.
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Just only DW :| mb Leter
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Do not believe this, it will go and test 439 first, it would take weeks to come back 1000 sat again
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