SUMMARY
Tron (TRX) broke out of a symmetrical triangle which allowed price to consolidate. I've labeled a short term five wave impulse up and it could certainly go higher towards $0.11 cents!
But, focus more on the longer term picture. As Tom Lee often says, be "Long Term Greedy"!! The below chart showsa massive rounded bottom price formation. The left wall is complete and from the looks of it, price is just exiting the basin phase. That means the right wall is yet to be built! IF you happen to have let's say 300 Million coins of TRX; the $0.34 target would be an explosively phenomenal return!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Elliott Wave Counting Tutorial #1
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Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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