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

TRON / DollarBitfinex

Description

⋅ May 29, 2018 4:08 PM

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

⋅ May 29, 2018 4:09 PM

coinigy.com/s/i/5b0d7b145181c/

Comment

⋅ May 31, 2018 12:33 PM

TRXBTC: coinigy.com/s/i/5b0feb66c8299/

Comment

⋅ May 31, 2018 12:36 PM

TRXUSD: coinigy.com/s/i/5b0fec16b8400/

Following my micro ABC count so far. It might be a fractal of the previous move up

Comment

⋅ May 31, 2018 12:41 PM

TRXBTC: coinigy.com/s/i/5b0fece40960c/

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

Trend Analysis Wave Analysis

Comments

tr3mblay

⋅ May 29, 2018 5:23 PM

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