But this one still needs a more healthy correction in my mind. I have drawn different possible outcomes and will say which I believe to be more likely to happen.
I believe the green curve to mirror best what the price movement will follow since we need a healthy pullback for a few weeks to actually gather more fuel to make new ATH . now all of the others are all possible and all depend on whether price can hold above the given fib support levels and if it breaks up or down of the .
I personally would bet on the price coming back to the .236 fib level and follow the orange arcs since that was previous resistance and have seen it happen so many times that previous resistance becomes support.
I will personally be scaling down with my buy orders starting at the .5 fib level.
For clarification this is not financial advice just my two cents of how I believe this will play out.
Don't know if TRX will reach the .236 fib level today, we might see the price curve back up but still maintain it will afterwards continue to .236 fib level.
Until then happy trading everyone!
It's market cap valuation is way to high for the time it has been around. Believe the 100 day MA will also be around that level btw.