I got to admit I was tempted to participate in the bullish trend of TRON, but waiting a bit showed us that "to the moon" might be too soon.
Indeed, according both Fibonacci (FAN + ARC) and Elliott Wave theories, the price should keep arround the price for a while.
- If we follow the 5-3 pattern of Elliott we are currently on the correction from the Green impulse. That being said, we should expect the price the slowly rebound and fall again before another 5 points impulse. That set a target back to the a price around 0.00021 (GreenC point). - If we follow Fibonacci Arc set at the all time high we noticed that point BlackA led us to the actual Green5, we could think of the next rebound BlackC would lead the price to a target at GreenB before exiting the 0.5 Fibonacci Arc.
Both theories stick in the center fan of the Gann Fan , which support their liability.
In conclusion, we don't see any signal of a rebound yet. I will keep monitoring the price if it enters the 2/1 side of the Gann Fan or the 0.610 Fib. Arc
Analysis done by The Foil 05.01.2018 22:03 (Publication delayed from 2 hours due to technical reason)
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Well at least at recovered after that painful live feed!
TheFoil
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UPDATE: Please be advise that rumors are talking about a new announce concerning new partnerships tomorrow at 7 AM CET.
This might be a big trend breaker.
@TheFoil, would like to see your earliest predictions in the wake of the announcement
TheFoil
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@userbeauty, Volume keep rising in the approach of that interview. Rumors are going in all directions. Justin might only talk about the project and the roadmap, but I clearly expect some great surprise. Too much teasing could hurt strongly the price if nobody happens during that conference.
It is worrisome. Also, their 5-10 year layout looks completely skeptical to me now. There just feels like a lot of red flags. Proceed with caution
btcn2009
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@rook2pawn, Wow, looks suspicious, that's something need to pay attention. I sold 100% in the middle of his live stream 12hr ago, in the middle of huge crash all the way from 0.00023 to 0.00011