By year end, TRX should be worth about 10% of it's current value right now. Looks like we are in Wave-E of a bullish diametric, and using trendlines, I've picked an approximate target of around $0.0011.
Will be a while before things start to get bullish on it again, but likely it won't ever see those lows anytime soon, sdo make sure to stock up at New Years on it.
Comment
⋅
Oh, and I think Wave-G will be a short Wave-G based on trendlines also (61.8% of Wave-A), but it could extend to the other two price targets as well.
Comment
⋅
Target for end Wave-E is wrong, closer to $0.0025.
Comment
⋅
$0.00025*. Damn, that's cheap.
Comment
⋅
Heh, $0.0025 is right. I wish it would go to $0.00025.
Comment
⋅
Just thought of this, an alternative for TRX is that it is forming a neutral triangle, and this is the lowest it will ever go. Watch to see what the price action starts doing shortly to know. Will post a chart shortly.
Comment
⋅
Wish I'd seen the triangle first, I actually kind of favour it over the diametric.
I may open both a long and a short, and walk away for a month and a half, one position will get rekt, and the other will make bank :).
Comment
⋅
I suppose yet another possible interpretation for this would be a flat - will post soon.