Elliot Wave on TRXBTC - Most likely for week of 29th

We've been in a down trend for a while (in crypto world) most likely due to the result of BTC futures. It looks to me that we are entering an elliott wave pattern finishing wave 2 at the .618 retracement level. Anything is possible but I imagine we won't see anything until after the 26th once BTC future expires. Lots of announcements coming out for TRX although it appears it doesn't do much to price now days.

Entry: 850 sats
Stop Loss: 700-725 sats
TP1: 1250 sats
TP2: TBD but most likely around previous high at 1700 sats

Commentaire:

Had some good volume but not enough to break out. Still consolidating and most likely won't see anything until the 26th.