Tron (TRX) - Analysis - Two Scenarios, Same Target

in cryptocurrency •  7 years ago  (edited)

Two Scenarios, Same Target

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It's been a while since I did some altcoin analysis. The main reason for this is because I haven't thought that there are any good opportunities to get in due to Bitcoin tanking. Sure, there are a few altcoins that can rise while Bitcoin is going down but it's very hard to predict which ones.

My overall prediction on Bitcoin is that we will head up to 15k ish and by that time, there's potential for a small alt season to kick in. Here are two scenarios for Tron. Both have the same the same target but different price paths. Either way, if you wanna feel more confident about going in on Tron then you should wait for a confirmation of breakout at least. Cause right now, we don't know for sure if the correction is over. I have a feeling that the correction could last a lot longer.

Please check the yellow box on the third picture for confirmation target.

Also, don't view this as investment advice. I'm only writing this analysis to try to bring some clarity to bag holders that have been requesting this on Twitter.

Scenario 1 (Bullish)


Screen Shot 2018-03-22 at 21.37.16.png

Scenario 2


Screen Shot 2018-03-22 at 21.41.34.png

Wait for confirmation


Screen Shot 2018-03-22 at 21.45.35.png

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.

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I set my buy orders too high and missed this one!