Hey guys, just sharing here my idea about the new trend that potentially has started after having completed the ABCDE correction in the larger degree WAVE 2 (shown in green). The correction ABC (shown in purple) is an irregular correction, showing signs of weakness for the bears and as you can see the following wave 5 sky rocketed making a 50% price increase. If we look at the following ABC (shown in blue) the A looks like it could be subdivided into 3 waves (5min chart), the B retraced deeply at the 0.786 of Wave A and the C extended 100% of wave A, which in my opinion makes this ABC correction a flat correction, once again showing weakness for the bears. On a larger time frame, in my opinion TRX/USDT is on a verge of a long bullish rally that will take the pair to new ATH soon, at this current low price would be silly not to stack up some TRX and just hold for a few months...As they say let the runners run!
Please guys hit that like button and let me know what your thoughts are in the comment section. Cheers!
Please guys hit that like button and let me know what your thoughts are in the comment section. Cheers!