Wanted to take a look at TRX because of the hype that has been going on with it. Tons of FUD, tons of hype, tons of fun?
We seen quite the impressive move a couple weeks ago and then quite an impressive correction! Let's take a look!
We're getting some bullish divergence, This is always a good sign IMO. I'm going to make a post about impulse moves eventually. The Impulse move from .000041 was pretty quick and now we're correcting that move. This has been a slow and painful drop for many people compared to how fast it went up!
When I take a look at the lower time frame it definitely looks like more upside is likely to come!
Even if this piece becomes just a larger correction in the downtrend we should have a decent move up.
Right now I'm feeling optimistic about Tron.
Drop a comment and let me know what you're thinking!
This is not investment advice, just my views of using the concept of the Elliott Wave Principle to forecast markets!
Trade Responsibly,
-Adam Biers