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TRX Perfect Bat Harmonic, Complex Correction, Double BottomTRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar. All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
CRYPTO:TRXUSDLong
by Intuit
Minimum Target for TRX of 22 cents in September (Elliott Wave)TRX has formed into a running c-failure flat corrective pattern, with wave-c forming a very large 5th wave extension terminal impulse. Glenn Neely told me last week when working on this count that terminal impulse patterns often go on for longer and further than most people expect, and this occurred here because wave-c was much longer and larger than what would have otherwise been expected, such as the max time target of a+b, and the max price target of c=a both being exceeded (red boxes). We're also seeing a strong bounce now which is a probable sign of a bottom right as wave-5 is equal to wave-1+3 in price and wave-1+2+3+4 in time. All these signs are very very good that we are about to continue the larger break out that I have been talking about for several months! The minimum target of 22 cents comes from the strength exhibited by the c-failure flat pattern which implies we should see a move that is at least 161.8% of wave-1 (assuming it is wave-1 and not something else). It's also possible wave-1 and 2 are mislabeled and actually an even larger pattern is ending at wave-2. This would mean that we see a move which far exceeds 22 cents in September! This all coincides very well with the memecoin strategy being employed now by Justin Sun which will bring tons of marketing attention on TRON as traders continue to get rich from memecoins like they did with SUNDOG and SUNCAT. I've also launched my own memecoin on Sunpump called FEELS which I believe could be very successful in the future, and is backed by a diversified reserve of tron-based crypto assets and memecoins.
Long
by Intuit
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