Neely River Theory: This is a new tool I am experimenting with which is giving a go naked long signal on TRXUSD. Because this tool is generally very accurate, I am assuming that we are also at the bottom of Wave-E , though it's still possible that wave-E could be larger if we break the low at 0.014, or that we may chop around here for a few weeks before getting a larger move to the upside.
Harmonic Analysis: There is a large daily and that have formed on TRXUSDt which are signaling a buy here.
Divergences: There is a weekly divergent bar, as well as momentum and acceleration divergences throughout multiple timeframes, all signaling to buy here.
Fundamentals: By the end of this year, we will likely see a BTC (Oct 18th), A potential no-deal brexit (Oct 19th), The Tron-Warren Buffet lunch which will attract a lot of retail and institutional traders, Coinbase/Binance US/Baakt TRX listings, uTorrent/Opera TRX wallet integration (200-300M monthly active users), BTT improvements, WINk marketing/improvements, ZK-SNARKs, New Partnership announcements (Tencent, Alibaba, Baidu , etc.), TRX announcement, Chinese stable coin being launched which will allow chinese citizens to enter the crypto markets. Also in general, TRON has the best tech out of all the top cryptos. It's extremely fast, low fees, scalable, easy to develop on, more decentralized than BTC , has the most dapp and users, has the most game changing dapps like BTT and WINk, good voting/staking rewards, and has some of the best marketing in crypto, among many other things which I've touched on in previous posts.
I suspect that when this 2 year correction does finally end, we should get a very powerful vertical move up, like what happened to many severely undervalued cryptos in 2017. However, because TRX was able to increase faster than virtually every other top crypto, increasing 20,000% in just one month, and because it's the best tech out right now and is extremely undervalued, a vertical move to 1 USD will likely be just the beginning of the climb towards double digits over the next year.
LIVE UPDATES POSTED HERE: https://www.tradingview.com/chat/#k2duaEvkzQaA6DrC
LIKE AND FOLLOW FOR MORE IDEAS