This is TRON (TRX)/USD. I made this chart back in February to highlight the fact that Tron had broken out of a 3 year resistance. It has played out really well as far as my predictions from an Elliot Wave perspective.. however, TRON exceeded my expectations and reached near-term goals MUCH faster than anticipated. Way to go TRONICS! TRX to the moon. If you love...
Continuing with my research on PCT (Parabolic Curve Theory) this is a daily chart for $SUN coin which also seems to have initiated a parabolic move marking a sub-base 1 at approximately 0.172 fib level and later setting higher highs on the 0.236 fib level (Base 1), and 0.382 fib level (Base 2).
I'm very eager to understand the deep relationship that appears to...
Still hungry, wolves?🔥
Then take it and trade it!
Ascending triangle formation on SUN/USDT.
There was a bullish sentiment before, so it may be a signal of movement continuation.
According to Elliott Waves theory Wave C is done and the price is heading to Wave D.
Follow the chart and look for the breakout carefully....
After making a Higher High SUN had retraced lower to Support of $9.60, and have bounced off quite well. Price is above the 200SMA and 50SMA, indicating that its bullish. I think SUN should continue higher with targets as below:
TP1 - 10.70 (potential gain 4%)
TP2 - 10.96 (potential gain 6.5)
Stoploss - $9.50.
Please note these are my own notes, by no means...
If the price can break its high resistance indicated by the red line, and the price break continues for two consecutive days, there is a good opportunity for the price to move to the next resistance.
For now, the indicators will indicate a continuation of the downtrend
Currently, there is buying pressure in 6$ zone and the selling pressure has decreased so I think SUN will bounce back to 9$ zone in the next few days.
However, 9$ zone is very strong and there is currently some bad news for TRX and Poloniex when being investigated by the US government, so it is likely that SUN will also be affected and the most important thing...
