After an Incredible run TRX is still holding on the trend line as we have a lot of buyers in the 860 - 900 area , on the bright side TRX is now in a smaller consolidating ascending triangle which will be breaking upwards but as BTC market still slides down a break of the current triangle upward could achieve a target between 970 - 990 sat. Good luck!
It has finished retracing/correcting and again started uptrending.
As we can see in the chart, the retracement was somewhere between .618 and .5 Fib level. General rule for a retracement (wave 2 or wave 4, not a,b,c correction) says that waves would be retraced from top (Five level 1) up to .786 or .618 level. Frankly speaking, since the mainnet launch is...
This Is based on 4 Hour chart for TronBTC. It has just completed Impulse Wave 3 and started retracement Wave 4 which is expected to around 870 to 855 Satoshis (Around .382 Fib level) Impulse wave 5 should then takeover it up to .50 or .618 Fib level with possible target around 1150 Satoshis. Also look at 4 Hour RSI we have a trendline drawn in red.
This is not...
As we can see from the 1 H Chart of TRXBTC(TRON BITCOIN PAIR) that we are currently in the 3rd impulse of the Elliott waves.
To subdivide it, we are currently on the 3rd subway.
The RSI is making higher Lows and also the MACD is bullish.
The expected target of the 3rd wave is around 900.