TRX having a nice week, possible large wave 3 for Test Net?
TRX did what was expected after the LONG consolidation, and experienced a decent breakout right near the apex of the triangle. Since that time, we've seen a fairly normal looking five point elliot wave pattern forming. If waves 1-3 are correct, we could see a very mild 4th wave, followed by another uptrend for wave 5.
I also think there's a possibility that on a larger scale, the current 1-3 waves listed have a chance of actually just being a larger wave 1. This would correlate well with starting wave 3 just as Test Net is launched on the 31st, which could see some price action upward. It's hard to say at this point, and my general feeling is that Test Net won't have much of an impact, but reaching the 897 mark after a larger wave 3 shouldn't be out of the picture.
Let's see what happens in the near future!
I also think there's a possibility that on a larger scale, the current 1-3 waves listed have a chance of actually just being a larger wave 1. This would correlate well with starting wave 3 just as Test Net is launched on the 31st, which could see some price action upward. It's hard to say at this point, and my general feeling is that Test Net won't have much of an impact, but reaching the 897 mark after a larger wave 3 shouldn't be out of the picture.
Let's see what happens in the near future!