rob2093124

TRXUSD in 4th wave - .14-.175 target

BITFINEX:TRXUSD   TRON / Dollar
TRXUSD is showing a clear 5 waves up for wave 1 and 3. We now have an ABCDE correction for Wave 4.

Judging off the 61.8% extension past the impulse so far to end wave 3, we could be looking at .14 - .15. There is also, what looks to be, a cup and handle forming on the larger chart which I can't pull up on TV. Target for this cup and handle is more around .17-.18.

I'm a beginner in TA, so only take this as my opinion
Comment: TRXUSD: https://www.coinigy.com/s/i/5b0fec16b840...

Following my micro ABC count so far. It might be a fractal of the previous move up
Comment: TRXBTC: https://www.coinigy.com/s/i/5b0fece40960...

Potential Bullish Pendant flag? Would put us around 1500 satoshi as a target, which is right under the 61.8% extension of the 1 and 3 waves so far

Comments

ya good point it could be an ABCDE correction. That might make sense as the B wave was an ABCDE and I had problems doing the count
+1 Reply
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