Movement mimicry from the 1 & 2 Elliott waves observed then superimposed onto the 4 to 5 points and the first A correction with the red arrow is displayed. I've placed a fib resistance fan on the chart for easy viewing of the resistance. Hope you guys find it helpful.
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Guessing we could be seeing what similar coins do, that is, dip slightly before a gradual uptrend
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Dropping out lower
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Looking like another good buy for trx, we should be resting on the base now
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*correction it is forming a balanced pin, I'd wait on that buy, sorry about that; looks like it is teetering unexpectedly
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I believe we've hit the base at 709sat, new uptrend
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fyi if you have money in trx you should be aware that it still seems to be moving down
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If you draw a support line from the base of the Elliott wave depicted in the chart (lowest point in the chart) to the #2 point in the Elliott wave it shows that trx could still drop to touch it at 444, then we should see that reversal. If it crosses that support that is not good news.
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Touched the 444 line, BTC dropped it lower and we got some nice runs :)
@thomas58700 do u think it will still act according to your chart analysis ?
thomas58700
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@amarjagpal, The chart analysis is now outdated, but my expectations are that it is going to curve underneath the center trendline as it is doing then start to move up when we see higher volumes (The weekends are pretty slow for any coin). I haven't bought into trx since the last highest peak.
@onuralp, Partner was already announced. Please read schedule more carefully. It states "By 14 January" not "On 14 January".
Space comp announcement is coming next week. Justin Sun stated this on a Chinese live stream today.
ripplecoin90
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do u have any suggestion when to buy and enter?
how much more it will drop?