TRON (TRXBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TRON began a wave one advance on December 4, 2017. The red wave one finished on December 21, 2017, and the red wave two correction ended on December 26, 2017. The red wave three advance finished on January 5 this year, and the red wave four correction ended on January 6 this year. If this wave count is correct, TRON should be heading next towards the January 5 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TRON is a block-based open source global digital entertainment protocol that is cross-protocol for digital entertainment. Here is the latest news by Crypto Coin News published on January 6.
(Sources: https://tron.network/en.html and YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "TRON will takeout the January 5 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "TRON will drop below the December 26, 2017 low".
If you think TRON is in a range, upvote this post and upvote the comment "TRON will stay in a trading range between the December 26, 2017 low and the January 5 peak until February 7".
You can upvote the comment until 3 PM EST January 8 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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