TRX TRON Possible Rise - 3rd Wave Formation
Updated
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If the last week has been an ABC correction, TRX might go for a 3rd Wave Movement.
An ABCDE correction might still form, making it go back 480 sats. If that happens, we have more waiting to do, unfortunately.
We have two short term resistances to pass right now before going up.
Resistances (short term): 530 and 560 sats.
Support: 480 and 430 sats.
StochRSI on 1DAY candles is looking like it's about to go upwards.
MACD on 6h candles crossed. Waiting on 12h and 1day to cross.
Targets based on Fib Retracement:
Target 1: 680 sats
Target 2: 900 (possibly 1000, cause numbers and what-not)
Target 3: 1200 sats
If the last week has been an ABC correction, TRX might go for a 3rd Wave Movement.
An ABCDE correction might still form, making it go back 480 sats. If that happens, we have more waiting to do, unfortunately.
We have two short term resistances to pass right now before going up.
Resistances (short term): 530 and 560 sats.
Support: 480 and 430 sats.
StochRSI on 1DAY candles is looking like it's about to go upwards.
MACD on 6h candles crossed. Waiting on 12h and 1day to cross.
Targets based on Fib Retracement:
Target 1: 680 sats
Target 2: 900 (possibly 1000, cause numbers and what-not)
Target 3: 1200 sats
Trade active
Hopefully it sustains this momentum. looking good now.
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