TRON (TRX) Technical Analysis: Long Term Targets Remain Solid!

in tron •  7 years ago 

SUMMARY

TRON (TRX) longer term projections remain solid. Those will come into focus of posts once this correction completes. The below chart shows what is now becoming common and apparent throughout Cryptosphere, a combination/Complex correction. It is quite clear that Altcoins never rush their corrections and the reasons for this have been discussed frequently. Regardless, all corrections pass and this correction too shall pass. The blue WXYXZ waves fit quite well. The later charts show these fit into a couple patterns as well.

The complexity of a correction is added when the last Z wave becomes a triangle. Well, in this case, I believe there is a strong potential for a channel. This channel, like the triangle, is labeled with abcde subwaves. The blue Z wave could time extend, as reult into April or May.

If another month or so is found to be very bothersome, then at the very least, gaining perspective of this bigger picture could help. IF the correction does time extend while price moves pretty much sideways, the whole correction seems to be shaping out a rounded price formation as shown by the yellow line. This is often how the "Hurry Up & Wait" syndrome gets resolved via patterns. The most common is the Cup & Handle, then the symmetrical or wedge and then the broadening pattern. I believe we are more than 2/3 complete in this correction.

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.

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CUP OF WEALTH!!! PATIENCE PEOPLE PATIENCE!!! WE WILL GET THERE!!!

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Your post always gives us detail information about Crypyocurrency & its current situation. After reading your post any one can make decisions by their own. Thank you so much for taking the time to post this information, it will help a lots of people to make decision.So keep up the good work for all of us.

I think TRON will hit .015 this summer!

excelente post muy buena información extremadamente funcional... gracias por compartir este tipo de informacion

Thanks for the information. There has been so much buzz about TRON (TRX) all over the internet and there appears to be such high hopes for the company and the crypto. Justin Sun keeps updating everyone with big plans and meetings and deals, but we haven't seen much yet! I would love to see a huge upswing and usage of TRX as well as Tron Dogs. Thanks for the information and posting.

Thanks Haejin,

Can u please do an update on XVG Verge?

very interesting ;)

Advertise your project's website on https://cryptopiece.com/Crypto Piece compact.png

Good

dnt know why it takes so much time to upvote? and sometimes its not upvoting :(

Nice summary it's was really helpful In financial investment and more details on crypto currencies it's a great post I commend your effort

nice

Hello. @hashclub estimating that Tron price will move up soon. It's the time to invest for trading. Thank for the post.

What a good post, thank you for your good contribution to this social network, is what we want good contribution, congratulations, keep it up!

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Good analysis, but I'm extremely skeptical on the fundamentals behind Tron. I hope they can achieve their goals, but so far, I'm not impressed with Justin Sun. He's made too many mistakes in my opinion. That said, Justin is young and it's still early for Tron. He has time to learn from his mistakes and mature into a great leader. I think his past success blinded him to the realities of such a huge project. Time will tell what kind of a leader he really is. I certainly wish him, and Tron the best going forward.

I think that's all because the level of public confidence or a state declined against the currency crypto

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS4.368$-13.59%-24.84%
QAUQuantum0.125$-12.18%-22.1%
TRXTRON0.027$-10.06%-22.6%
WAVESWaves4.363$-11.65%-19.6%
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