TRX preparing to blow up.
Updated
Good morning from North Dakota!
There's a few things I see shaping up here for TRX:
1)Major Volatility Squeeze occurring at the end of multiple falling wedges which is a strong reversal indicator.
2)When the trend line continually bounces off of the bottom Bollinger band a large bull spike is likley to occur--the longer it bounces off of the bottom band, the bigger the spike will be.
3)Classic cup shape taking place, looks very similar to when I bought into Stratis at around $2.80, which ultimately gave me a 500% return.
4)Trons test net will be released on March 31st which is a giant move considering they will be converting from Ethereum's ERC20 platform to their own net. This ultimately means that tron will no longer be a token dependent on a already developed branch off of Ethereum, but now a coin with their OWN programmed block chain technology. This not only destroys all the FUD spreading that Tron's a giant scam, but shows that this coin has a strong utilization future ahead of it. You can expect a giant spike somewhere around a week before the 31st, and as soon as it breaks that downward bear channel and ignites the Elliot Wave, you should see this ambitious project EXPLODE.
One thing to keep in mind is that the whole crypto market is currently in a bear market so don't put all of your hope in it, if it doesn't explode then, you will see it become stagnant at this current resistance level for a while. Probably until the fully developed main net which takes place on May 1. But nonetheless, big things are coming for TRX!
There's a few things I see shaping up here for TRX:
1)Major Volatility Squeeze occurring at the end of multiple falling wedges which is a strong reversal indicator.
2)When the trend line continually bounces off of the bottom Bollinger band a large bull spike is likley to occur--the longer it bounces off of the bottom band, the bigger the spike will be.
3)Classic cup shape taking place, looks very similar to when I bought into Stratis at around $2.80, which ultimately gave me a 500% return.
4)Trons test net will be released on March 31st which is a giant move considering they will be converting from Ethereum's ERC20 platform to their own net. This ultimately means that tron will no longer be a token dependent on a already developed branch off of Ethereum, but now a coin with their OWN programmed block chain technology. This not only destroys all the FUD spreading that Tron's a giant scam, but shows that this coin has a strong utilization future ahead of it. You can expect a giant spike somewhere around a week before the 31st, and as soon as it breaks that downward bear channel and ignites the Elliot Wave, you should see this ambitious project EXPLODE.
One thing to keep in mind is that the whole crypto market is currently in a bear market so don't put all of your hope in it, if it doesn't explode then, you will see it become stagnant at this current resistance level for a while. Probably until the fully developed main net which takes place on May 1. But nonetheless, big things are coming for TRX!
Note
Hey guys, it's the Messiah here with a new update!So this chart is pretty much going how I expected. The green horizontal line that I drew was a buffer zone at which TRX could break the downward trend. My prediction of a week before the 31st was on point.
Current resistance is at 5.5c or 580sats. With the way things are going with the crypto market it seems likely to break that resistance.
If it doesn't it is probable that a new support line will be established at the current levels, leaving tron to hover at around 5c for sometime before it rises again.
Note
Well.. judging from the last candle--which is a shaping up to be a dragon fly doji, it's going to break the next resistance at 580sats.
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