TRON (TRXBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TRON began a wave one advance on December 4, 2017. The red wave one finished on December 21, 2017, and the red wave two correction ended on December 26, 2017. The red wave three advance finished on January 5 this year, and the red wave four correction ended on January 6 this year. If this wave count is correct, TRON should be heading next towards the January 5 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TRON is a block-based open source global digital entertainment protocol that is cross-protocol for digital entertainment. Here is the latest news by Crypto Coin News published on January 6.
(Sources: https://tron.network/en.html and YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "TRON will takeout the January 5 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "TRON will drop below the December 26, 2017 low".
If you think TRON is in a range, upvote this post and upvote the comment "TRON will stay in a trading range between the December 26, 2017 low and the January 5 peak until February 7".
You can upvote the comment until 3 PM EST January 8 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
TRON will stay in a trading range between the December 26, 2017 low and the January 5 peak until February 7 (31 voters as of 3 PM EST January 8: helikopterben, bleujay, heroic15397, bentleycapital, allyouneedtoknow, simonjay, glennolua, ace108, dlina-v-metrah, twinner, lucasgabd, catena, sqlinsix, komischername, mgood, kunschj, coolthings, richard78624, freskil, mihail.tsvetkov, juliannechloe, yefet, karadere, barbadosso, koskl, tzap90, huasipi, napkin, cata22, komiya-encore, papakli).
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You won.
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TRON will takeout the January 5 peak (23 voters as of 3 PM EST January 8: fitinfun, kooshikoo, me-tarzan, lydon.sipe, eirik, crokkon, digitalking, jznsamuel, mprgrmmr, carlosdaniel, me-do, criptorafa, mirda, toofasteddie, cassidyandfranks, andy23, pallosalama, deaconlee, liberton, arpepa, notanengenier, elisablogs, anjelik).
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TRON will drop below the December 26, 2017 low (9 voters as of 3 PM EST January 8: libert, freiheit50, gregory-f, steemquestions, reconnectnature, ahinga, gunsmithing, ragnaros, askeb).
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Tron have no working product (just great teams and promises). There is only an idea behind this coin and the implementation is still a long way off. Although the intentions and technologies are described in great detail in the respective whitebooks, this does not justify a billion-dollar market capitalization for a long time.
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Thanks again for your contest @maarnio.
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Thank you huasipi.
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Tron's been getting some attention lately. I haven't looked into it yet but guess I need to.
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Tron (Trx) next Jetplane will land over 0.0002000btc $ 1.50
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Just a quick thought for you. It would be a lot of fun if you had a contest that allowed a full 6 or 7 days for everyone to upvote. This would allow more time for people to find your post before the participation deadline expired.
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Thank you for the tip.
I have to think about it.
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TRON will drop below the December 26, 2017 low
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Thank you virus.
Please upvote the right comment.
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thanks man. I am thinking about adding more tron now.
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Thank you for this very helpful post for
Us newbie :) looking forward to see your future posts sir ;)
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@maarnio the analysis is correct up to much extent but there are some weak points.
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