Updated TRX Elliot Wave.
Updated
If it follows an ABC correction, we might see it breakout now.
If it follows an ABCDE correction, we will see it breakout a bit lower.
I think the lowest point it will reach wi;ll be around 500 +/- 20 satoshi (area in yellow circle).
Boll Bands seems to be closing up.
MACD *might* have reached its downwards peak. (no confirmation yet).
And buyers seem to be coming in, based on that last volume impulse.
Somewhere in the yellow circle, the next wave might start.
Worst case: starting at 450 satoshi based on Fib Retracement.
Keep an eye on MA, MACD, RSI and Boll.
Safe target: 630 satoshi
Medium Risk: 650-670 satoshi
Greedy target: >690 satoshi
If you're gonna go for the greedy target, move S/L up with every new impulse.
If it follows an ABCDE correction, we will see it breakout a bit lower.
I think the lowest point it will reach wi;ll be around 500 +/- 20 satoshi (area in yellow circle).
Boll Bands seems to be closing up.
MACD *might* have reached its downwards peak. (no confirmation yet).
And buyers seem to be coming in, based on that last volume impulse.
Somewhere in the yellow circle, the next wave might start.
Worst case: starting at 450 satoshi based on Fib Retracement.
Keep an eye on MA, MACD, RSI and Boll.
Safe target: 630 satoshi
Medium Risk: 650-670 satoshi
Greedy target: >690 satoshi
If you're gonna go for the greedy target, move S/L up with every new impulse.
Trade active
MACD seems to confirm it has reached the maximum downwards trend.We might still see it go down a bit, but so far it looks good.
Note
The MACD will be updated on the chart in 8 minutes, I think.Trade active
Bitcoin shaking things up. We might go for the worst-case scenario if BTC continues to fall.
Note
The uptrend could've started at (d) if BTC did not take a dip. :/ Oh well...
Trade closed manually
Might still hold for now.But I've updated the chart, there are more possibilities at play here.
Trade closed manually
Please have a look at the updated chart. Another wave of correction may still be going on.
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