Tron blew through many resistances on many charts. Stopped exactly at its destiny, the 4.236 extension. Now watching for the ABC retrace, which is needed.
Here is the bigger picture of the 4.236 in question
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Notes: Drag UP on Price scale to remove overlap in prices. Drag DOWN Price scale for more zones outside window. Drag RIGHT on Time scale for more history or more Fibs.
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TRX at first possible support. If bounces here, then wave A end might actually be here. If drops below, then original wave C forecast more likely
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TRX bulls trying to hold first possible Support but I still think this is wave A with B-C to follow
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Here we are, watching closely
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Bounce looking decent some Limit buys were filled, now with SL in profit. If holds and keeps going, might add more on dips. But would really like to buy the bigger drop to the wave 4 zone
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Tron Minimum Retrace Reached New Fib Found w4 Retrace Coming
@AndrewBth, maybe, depending where they bought I guess. But that 4.236 peak was just prefect. hope anybody that bought near it had SL protection!
UnknownUnicorn3272583
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nice call!
EuroMotif
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@rakeshm90, ty my friend. Fibs dont Lie. how to Understand them is the tough part, but they always provide Landmarks....
UnknownUnicorn3272583
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@EuroMotif, luckily I sold at $0.029 after spotting an RSI divergence. BTC made a lower low so I think there are real chances that it may go retest the 200-ma on the weekly chart or the 20-ma on the monthly chart since they are located near to each other. I think TRX can go as low as $0.018, do you think it will go even lower?