交易者 cryptickem 的 "TRX hitting the lowest low soon before trend reversal " — 發表於 2018-01-15

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TRON / Bitcoin (BINANCE:TRXBTC)

BINANCE:TRXBTC TRON / Bitcoin

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beyondta trxbtc tron trx trxbreakout

Hi All - Just an update to my last post.
We will soon hit the lowest low possible. A trend reversal is definite possibility now.
Expecting a low in the range of 280 - 460 before a major trend reversal.

We've already rode the 1st complete cycle of Elliot Wave followed by correction .
Volume still holds well above 25,000 BTC even after this severe correction, Confirming the market intent for a TR .

Share your thoughts please. Thanks

expecting it to search for bottom again after this spike?

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userbeauty

@userbeauty, Give it sometime for this play out. IMO, if the price corrects to (NOT exceeding ) 530 - 580 levels in the coming price correction and breaks the resistance of 770 - 800 range. I do not expect the any downward pressure left - in other words - no seller left. We should be bullish then. Again too early to call now.

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userbeauty

@userbeauty, We can be little optimistic here. Both 1 day chart and 4 hour chart have returned signs of price uptick.
Volume has increased substantially too. Expect a trend reversal here. Not a bad entry at this point. But we should wait for more confirmation.

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cryptickem

@cryptickem, thanks you and appreciation for your analysis!

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