Well, Tron is looking rather bullish, and rather subwavey....
Wave 2 (yellow) hit the Golden Pocket 0.618 Fibonacci Retracement. Followed by a massive pump to begin subwave 1 of wave 3. I don't really want to get into the specifics of all the targets and reasons why in this one because as you can see..... theres a lot of subwaves.... so I'm just gonna call out my targets
Green Subwave Targets
Wave 2 Retrace between 0.5 and 0.618 Fibb - 560 to 530 satoshis
Wave 3 to the 1.618 Fibb - around 810 satoshis
Wave 4 Retrace to between the 0.382 and 0.5 Fibb - 685 to 705 satoshis
Wave 5 (and White Wave 3) Up at the 1.618 Fibb of
White Wave 1 between 1.618 and 2.618 of Green Wave 1 - 890 to 950 satoshis
If you would like to see how this plays out here is the link to my idea on TradingView
https://www.tradingview.com/chart/TRXBTC/CoEqmvxJ-Subwaves-on-Subwaves-on-Subwaves-TRX/
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management!
Feel free comment any questions or chart requests you may have below. Happy trading!
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