TRON (TRX): Ascending Right Triangle or Cup & Handle? Probably Both!

in tron •  7 years ago 

SUMMARY

TRON (TRX/USD) can be seen to be traversing within the boundaries of a triangle. The correction at large can also be labeled as an abc zigzag as the subwaves show. Price has breached out of the triangle and the implications of next steps can be assessed.

Closeup shows a potential second breakout of price from the Cup & Handle pattern. This could release the start of another round of impulse as shown by the white waves.

Patterns provide lots of clues on how future price pathway can be and if it jives well with Elliott Waves, the more powerful. The ascending right triangle shown below can be quite bullish. IF price travels as indicate by the blue line arrow; the trend reversal could be confirmed.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Thanks for the post this will help. GOD will bless you

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I have never even had 17 votes.... this goon took the cherry off my STEEMIT cake after feeling like I had been heard for a change.

굿정보네요

Nice pist, any price predictions for this month?

Come on, let's see Tron go to the moon!🚀🚀🚀

TRX is in a great position to break out of the cup and handle and pop. Reason is the coin burn which is upcomng along with the platform launch... exciting times for TRX hodl'ers!!!

Great post @haejin. Also check out the following:
https://steemit.com/tron/@wpbeginner/tron-price-climbs-25-in-a-day-ccn

Thanks & Love,
@wpbeginner | Crypto- Pro

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 208.52 SBD, based on the pending payout at the time the data was extracted.

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Thank you sir! Needed to hear something good about Tron.

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Thanks again Haejin

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Loving your technical analysis! Keep it up!

bitcoin is a new thing, a more ngetrend in the world especially cyberspace, so many are interested to run it and try a new business that is very promising

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good!!

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Elliott Wave Counting Tutorial #1

  ·  7 years ago (edited)

🚀🚀🚀 TRX 🚀🚀🚀

Thanks haejin :-)

nice post dear

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E interesante y prometedor negocios con BITCOIN. Me gusta, en el futuro estará a nivel mundial

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hi ...just upvoted ur post....will be a keen follower of your posts...kudos mate

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Is it possible that tron (trx) could be added on coinbase?

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I post good quality memes, to entertain The Whole Community, check my timeline!!!

I post good quality memes, to entertain The Whole Community, check my timeline!!!

why would you flag my comments?

Always Thxxxx.
Resteeeeeeem:)

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