Besides fundamental reasons of a massive forced liquidation sale caused by unsubstantial FUD and market manipulation being insanely bullish for Cryptos in general, TRX Is in a beautiful expanding triangle pattern. Both the rally over the last few months AND this correction over the last month are both expanding triangles.
This explains why the last wave down (wave-e) was so violent, because wave-e of an expanding triangle is always the largest wave. Also looking at the bigger picture, we've just completed Wave-D of a larger expanding triangle and now we're going to get Wave-E going UP, which is going to be much larger than the last two waves up we've had over the last few months. Wave-E will probably go to at least $1-2 this summer, potentially higher if we have a large blow off wave.
This explains why the last wave down (wave-e) was so violent, because wave-e of an expanding triangle is always the largest wave. Also looking at the bigger picture, we've just completed Wave-D of a larger expanding triangle and now we're going to get Wave-E going UP, which is going to be much larger than the last two waves up we've had over the last few months. Wave-E will probably go to at least $1-2 this summer, potentially higher if we have a large blow off wave.
노트
Now that Wave-e is equal to 161.8% of wave-c and has retraced waves ABC 61.8% we've likely found the bottom and will begin quickly moving up from here.
매매 수동청산
Very bearish triangle beginning to form here. Seems like we are going to head towards 3-4 cent range next week. 액티브 트레이드
This has not dropped as expected, and upon closer inspection Wave-a and Wave-c are too similar in price for this contracting triangle to be correct. SO it seems unlikely we will make a new low BUT we could see more consolidation as we wait for this wave to complete. Luckily we're in at the same price we exited so nothing was lost.
매매 수동청산
Looks like this is going to break down now. Going to stop updating these charts and go on vacation. Good luck.액티브 트레이드
This new count is probably the better of the two. The expanding triangle count is now my secondary count, not eliminating it entirely but it seems less likely than the contracting triangle.
Looking for a dev? I offer Pine Script, Solidity smart contracts, AI and full-stack development, plus quantitative research, technical analysis and Elliott Wave/NEoWave analysis. Tell us about your project at fractuition.tech
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Looking for a dev? I offer Pine Script, Solidity smart contracts, AI and full-stack development, plus quantitative research, technical analysis and Elliott Wave/NEoWave analysis. Tell us about your project at fractuition.tech
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.