Adjusting the count here and attempting to get better targets. Going to play TRX a little more aggressively but not foolishly.
The Targets
Target 1 will cover a bearish double top on wave 5
Target 2 will cover a .786 Extension of Waves 1-3
Target 3 will cover a 1:1 Extension of Waves 1-3
Target 4 will cover a 1.618 Extension of Waves 1-3
Word of warning
Although I am usually a lot more cautious and only target the .786 extension of waves 1-3 it would be foolish to discount a run up for mainnet release. Will be minimizing risk by taking profits at each target
The Count
Not a big fan of the primary wave 2 ABC correction as labeled on this chart but does line up perfectly with wave 3 reaching just above a 1.618 extension.
Retracement outside the buyzone will require new counts but is unlikely to invalidate the count unless 680 is crossed.
The Targets
Target 1 will cover a bearish double top on wave 5
Target 2 will cover a .786 Extension of Waves 1-3
Target 3 will cover a 1:1 Extension of Waves 1-3
Target 4 will cover a 1.618 Extension of Waves 1-3
Word of warning
Although I am usually a lot more cautious and only target the .786 extension of waves 1-3 it would be foolish to discount a run up for mainnet release. Will be minimizing risk by taking profits at each target
The Count
Not a big fan of the primary wave 2 ABC correction as labeled on this chart but does line up perfectly with wave 3 reaching just above a 1.618 extension.
Retracement outside the buyzone will require new counts but is unlikely to invalidate the count unless 680 is crossed.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.