Intuit

Could TRON Really Hit 100+ USD? (Wave Analysis)

Long
BINANCE:TRXUSD   TRON / US Dollar (calculated by TradingView)
If we are beginning the next major crypto rally, we can expect that the coming wave-G will be similar in size to the previous wave-E the entire market experienced in 2017. However, TRON only began trading in November of 2017, so based on extrapolations from other cryptocurrencies Wave-E on TRX will only be 50-62% of Wave-G in price. In other words, Wave-G on TRX should relate to wave-E by 162-200% (on a log scale). This gives us a price target of 45-350 USD and we could hit this price as soon as the middle of next year.

This will likely be a huge bubble and when TRX is in triple digits it will be quite over-valued and could see a very long lasting correction after wave-G is finished, which could see declines of 90%+. So I will definitely be looking to cash out around those prices.

With ETH gas fees reaching extremely expensive prices, we are likely to see a huge migration over to TRON's superior network, which is extremely low fee, high throughput, and nearly instant confirmation speeds. DeFi on TRON is just getting started, and many ETH projects are in the process of migrating over to TRX . DeFi may have started on ETH, but it will excel on TRX .
Comment: This count needs a slight revision. Most likely we're in wave-e of F right now (or alternatively wave-g of F). This means we'll likely need to drop back under 2 cents in the short-term. Long-term target of 40-350 remains the same, but it may take until late 2021 or 2022 to achieve that price.

Comment: With Bitcoin about to break ATH's it seems likely we should see a lot of mainstream media coverage and new retail money entering the space, much of which will look to "buy the dip" on "cheaper" altcoins like TRX.

We are likely going to head towards ATH pretty quickly and TRX will likely out perform BTC in the coming months.
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Comments

Its just taken 2 years to move from 0.02 cents to 0.04 and now we are back to talking about 1 dollar? haha. you guys are hilarous.
+3 Reply
Intuit, What about Wink? Thanks.
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Thank you for answering my question
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By the end of 2022, may Tron reach $ 100? Because I want to plan for that target
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Hello, have you deviated from your previous forecast for the price of tron?
Because you said you forecast a target of between $ 40 and $ 350 for Tron, but today you only mention $ 40 and above.
How will it be above $ 40, up to $ 100 or even over $ 100?
I would be grateful to hear your answer on what target we will hit by the end of 2022 at the latest.
Thank you
Reply
Intuit MOJI77
@MOJI77, $40-350 is still the range I'm looking at, It's a big range so I will mostly be waiting until we're near those prices to try to determine when is the best time to start scaling out or fully exiting the trade.
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