TRX - Finished ABC Correction Wave

TRX had a classic and very rapid 12345 Elliot wave followed by a basic ABC correction which was very healthy.

I do not think that it will start a new wave until tomorrow, shortly after Korea wakes up.

First target is the first resistance level as shown. After a short resistance at that level, Trx will increase to at least the next Fib level.

Thoughts?

Commentaire:

Wait for breakout before entry.

For now I have entered into VIBE on binance. I don't have time to make a chart but entry is asap and first target is around .00019286.

VIBE, newly added to binance, is a VR platform. Check em out. I'll make a chart on them soon :)

Commentaire:

Massive Whales are keeping the price down... In the TRX/ETH trade on binance there is a 25 million dollar sell wall keeping prices down.

It will take off, when the whales decide to leave tron alone..

Someone on reddit calculated that they make approx 1.5 mill each trade by keeping the price bouncing back and forth...

Trade fermée manuellement:

Trade Obviously closed for now. Massive news (possibly FUD) came out about TRX recently and caused investors to hop out

We'll see where it rests at. Looks like new resistance is around 681 sats.