Tron update: After a bounce from the 780sats region, confirmed the bullish bias and subsequently tron surged 6% to achieve the truncated minor wave 5: Target1: 820-840 till the 4H 20&50 SMA resistance levels.
We can see the minor impulsive wave 3 was till the golden fib zone of primary corrective wave c(orange)
Next Sceenarios for tron:
Bearish view: If tron doesn't sustain above 830-40 sats region i.e the 20DMA & 38.2 primary fib resistance, then the minor ABC correction will proceed with targets:
Minor c: 750-760 sats region around the minor wave 4 territory and the primary 50fib
Re-entry levels should be targeted around the primary 61.8fib and 50DMA support level i.e 680-710 sats.
Primary wave 4
Bullish View: However if tron manages to close above 840 sats today with confirmation then Bullish targets would be:
Target1: 880-890, Target2: 930-940 around the primary 23.6fib region.
https://www.tradingview.com/chart/2jHyamBl/#
We can see the minor impulsive wave 3 was till the golden fib zone of primary corrective wave c(orange)
Next Sceenarios for tron:
Bearish view: If tron doesn't sustain above 830-40 sats region i.e the 20DMA & 38.2 primary fib resistance, then the minor ABC correction will proceed with targets:
Minor c: 750-760 sats region around the minor wave 4 territory and the primary 50fib
Re-entry levels should be targeted around the primary 61.8fib and 50DMA support level i.e 680-710 sats.
Primary wave 4
Bullish View: However if tron manages to close above 840 sats today with confirmation then Bullish targets would be:
Target1: 880-890, Target2: 930-940 around the primary 23.6fib region.
https://www.tradingview.com/chart/2jHyamBl/#
