A – we get a 50% fib retracement down to 1281, it bounces around a while in the 50% - 61.8% range before then hitting the floor at 23.6 retracement.
B – We retrace back to the original 50% before now returning to our first floor at 23.6%
C – We are now back at our 23.6% retracement.
With general news looking good for TRX I don't expect a drop down to 718sats, but more likely to rebound to 1000 range then start a new upward trend which will depend on our trading volume which right now on binance is 34.3k BTC.
Elliot wave looking nice too. Along with low buy buy signal being issued on RSI and the DMI looking likely to cross soon.
Komen
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Looks like we didn't break the trend, we are heading down to 23.60 fib at 718 sats, then i think we will bounce.
Komen
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Just hit our 23.60% fib level, lets see how we go.
The situation is very bad for you/ Do you break the 718 wall?
UnknownUnicorn1062270
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We are on a discending triangle, I don't think that we are going up soon, we need to retrace to previous support.
MattRiedle
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I'd bought at 1087 (sold some back at 1060) and 940. Just sold everything at 925, fearing the 23.6 retracement. Nice to see someone else thinking the same thing. If it gets that low, I might buy back, might not. I'm in APPC now. It could explode.
CryptoZzthanks
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do you think it's going to up soon ?
TheBRolla
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@CryptoZzthanks, You literally just haven't even bothered to look / read anything to do with the TA have you?