This will be good news for traders to go long Tron and wait for
Updated
I have been researching cryptocurrencies for 2 years. I noticed in all charts the common matter within all coins and tokens has been the extended wave 5. This happens in all sub-waves of each wave.
About Tron:
studies show that,3 waves have been completed so far, at the moment the 4th wave is under accomplishing. According to the candlestick type in 240 minutes time frame, also the resistance level of 50% Fibonacci ratio, and dealing with the broken downtrend, the probability of ending the wave 4 becomes clear. So, we should wait for a very strong uptrend in the 5th Wave.
According to the initial explanation, we have to wait for the continuous wave of 5th, the target of this bullish rally can be in the range of 0.08 up to 0.10 cents.
However, we must consider the possibility that wave IV will continue up to the range of 0.618 Fibonacci ratio.
About Tron:
studies show that,3 waves have been completed so far, at the moment the 4th wave is under accomplishing. According to the candlestick type in 240 minutes time frame, also the resistance level of 50% Fibonacci ratio, and dealing with the broken downtrend, the probability of ending the wave 4 becomes clear. So, we should wait for a very strong uptrend in the 5th Wave.
According to the initial explanation, we have to wait for the continuous wave of 5th, the target of this bullish rally can be in the range of 0.08 up to 0.10 cents.
However, we must consider the possibility that wave IV will continue up to the range of 0.618 Fibonacci ratio.
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The price has continued to the range of 0.618 Fibonacci ratio, and there is a possibility that the wave IV is over.By crossing the range of 0.3630, the uptrend will be confirmed
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It seems the price has started to retrace the 0.2646 range, and we should wait for the target of USD 0.07 soon.Trade active
The range of USD 0.021 is very important.
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