Technical Analysis:
- Tron hit 1010 satoshi & continues to hit all of our targets (if not surpassing them) -LINK to previous short term trade targeting 993 satoshi
- Although it is a deep retracement at the .786 satoshi it is not surprising considering the state of this short term market - MID TERM / LONG TERM MARKET TREND is still very much bullish overall
- Additional support from the 200 EMA where TRX bounced off the last retracement is around 930 satoshi
- Bullish reversal candle forming on the 1 hour chart
- Targets at 1250-1370 from previous TA LINK still valid and in play for swing trade positions and holders since 830 satoshi
- TRX/BTC continues to hold up very well compared to the BTC/Market sell off over the past few days, not only holding steady, but increasing in satoshi value as it did from April 26-May 1st
- Some consolidation expected before wave 5 up towards, but this should be short lived as Tron Mainnet release is happening this Thursday May 31,2018
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I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering this blog is a way for me to document my own personal analysis, charts, trading decisions, and experiences. If you would like to learn more about trading, cryptocurrencies, and the resources I used to learn how to trade and invest, see my previous post - LINK.