I just wanted to do an updated chart from my previous chart to re-evaluate where we are at. We completed our E leg and now I think we are completing our A point right now (even if it drops a little more). My last chart had the same entry points as on this one and I think last night we dipped into this zone momentarily. I am doing a short term chart here because in my experience when it comes to launches (testnet launch in 21 hours) we can see some unexpected results beyond TA alone. Technically, we are seeking our next 5 point wave for a buy point, but this A point, again, because of this launch would be considered an entry point in my opinion. Second wave of FOMO can come at any moment. Now, I wanted to also clear up this coin burn controversy so that people are not mistaken about what it is when thinking about getting into TRX. Tron never officially announced a coin burn on the testnet release. However, Justin Sun (Co founder) stated in an interview that a coin burn would be implemented in the first quarter of 2018 and if you know how this works then you know they have to code this into the testnet or the mainnet or both. However, on their roadmap they consider the first quarter of 2018 to include the mainnet launch on May 31st (not strictly limited to March 31st in other words). Finally, Justin stated that the coin burn was most likely going to be a transactional one (opposed to an all out burn in a moment). This means that for every transaction made, a small fraction of it will be burned. No announcements on the percentages of these burns or anything that I can find so the immediate results would most likely not be noticed, but if you are a long term HODLR of this coin then you will surely reap the benefits over time. My opinion is that this transactional coin burn will be coded into the mainnet launch on May 31st, but please comment if you hear or know anything otherwise. Thank You.
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Testnet launch is over.
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This bounce is looking potentially very delicious