TRON (TRX) Update: A Closer Look Analysis

10 days ago
74 in bitcoin

SUMMARY

TRON (TRX) placed five Elliott Wave impulse waves and is now doing the requisite correction. In this case, it's a bullish downward pointing triangle. Price came out of the bullish downward pointing triangle but is going lateral. I've seen this before and the lateral move usually takes a form of another triangle.

Here is a higher zoom of the later price move and its forming a triangle pattern. This triangle should resolve towards the upside.

These can be viewed as fractals. Fractal #2 needs the MACD to rise above the 0.00 level as then that would provide the impetus to surge upwards.

Here is another perspective from a forward discerning vantagepoint. The curvature state seems to indicate a Cup & Handle pattern wich cryptos love so much. IF this is correct, price coudl proceed laterally for a while prior to rise to form the right side of the Cup.

This chart is not a copy of the TRX/USd; but rather a TRX/BTC and it is lagging the /usd pair but not by much. This too is displaying a similar Cup & Handle forward pattern projection.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Sort Order:  trending
39
  ·  10 days ago

First, for the first time in my life!!!

I'd like to thank my mom and dad for all the support, the academy, my friends, God and Mr. Haejin of course.

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48
  ·  9 days ago

lmao

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46
  ·  9 days ago

YES IM APPROXIMATELY 1/15 of the way there!!!

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43
  ·  10 days ago

Tron (Trx) next Jetplane will land over 0.0002000btc $ 1.50

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26
  ·  10 days ago

haha, a bit too much...but nice dreams

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19
  ·  10 days ago

A Coin is only worth what people are willing to pay for it.

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25
  ·  10 days ago

beat me to it, :(

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35
  ·  10 days ago

Man you nailed it, here is an upvote!

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25
  ·  10 days ago

More than the actual post!

61
  ·  10 days ago

It would be nice to catch one at the bottom for a change.

54
  ·  10 days ago

Thank u😁

52
  ·  10 days ago

thanks for detailed analysis!

46
  ·  10 days ago

@haejin, great technical analysis work on Tron $TRX. These patterns should play out as above, however, my gut tells me we could be consolidating sideways for a while and then start moving upwards to form the right side of the cup. Keep up the great technical analysis work on these cryptos.

48
  ·  10 days ago

this is Gold @haejin, thank you for opening our eyes to the forward discerning.

41
  ·  9 days ago

Great info.

41
  ·  10 days ago

Thanks for this info I have been debating on getting more TRX but haven't pulled the trigger.

25
  ·  10 days ago

keep calm and carry Tron

44
  ·  10 days ago

Sooner or later I agree TRX will explode upwards!

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27
  ·  10 days ago

it already EXPLODED BIIIIIIIIIIIIIIIIIIIG TIME.

25
  ·  7 days ago

Thanks For Great Analysis.
I've invested In This Coin.

46
  ·  10 days ago

Thanks for the insight on tron, I’ll continue to hodl

25
  ·  10 days ago

Cryptopia has paused the SmartCash market as it hit the ATH.. I am loosing all the profits..

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38
  ·  10 days ago

I threw in a gamble on Ember coin, and I lost my 1000% profit on my 0.2LTC. Luckily I did not lose on the trade after re-opening. Try to stay away from these pump and dumps on Cryptopia as this would not be the first time they have frozen trading due to volume surges (thought to be fair there were also some issues with the EMB wallet as well).

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31
  ·  10 days ago

im waiting for a correction of this baby, i like this privacy coin.

52
  ·  10 days ago

@haejin, looks like SBD is on it's way to the predicted $14 mark - 30% increase so far

25
  ·  10 days ago

this ACTUALLY helped me. 👌 thankyou

27
  ·  10 days ago

You can draw any fantasy you want, reality is that people with huge amount of money - manipulates whole crypto space. Wallstreet fukced this field too.

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33
  ·  10 days ago

Amazing statement backed by real fact and analysed data. >.>

38
  ·  10 days ago

Excellent analysis as always. It appears that now TRX is breaking out of fractal 2 (up to 850 sats). If we pass 950sats here in the next 24hrs, it would seem that we may be going for wave 1.

25
  ·  10 days ago

I was confident already on this coin, but I needed some expert confirmation like this!! Booooom! HODL!

32
  ·  10 days ago

Would love to hear your thoughts on ICX!
I'm hoping it too will make a Cup & Handle :)

22
  ·  10 days ago

So it will basically do like Verge and interminably go sideways.

40
  ·  10 days ago

Thank you for such a good analysis! Can you also take a look at ADA coin? Thank you!

25
  ·  10 days ago

Thank you for the frequent Tron updates, Haejin!

34
  ·  8 days ago

I agree with you @haejin , guys please do check out my updated post on TRON(TRX)
https://steemit.com/bitcoin/@steemaze/tron-breakout-confirmed-news-technical-analysis

36
  ·  10 days ago

thank you

41
  ·  10 days ago

One of my biggest HODLs at the moment. I've got my fingers crossed freddy!

25
  ·  10 days ago

한국에서도 잘보고 있습니다 많은 도움이 되네요 ^^/

41
  ·  10 days ago

This is fantastic because of the intelligence, the awesome elliot wave tutorials, and the fact that I have some TRX bags!

What I am wondering is if I should just hodl them and check again in 3 months, or I should scalp and buy in lower when the MACD crosses upwards and is approaching the downwards. Upvoted and thanks!

Here is a related post I have done with some complimentary opinion, observation, and links. https://steemit.com/cryptocurrency/@zekepickleman/trx-is-so-much-fun-to-watch

39
  ·  10 days ago

Thx for your report!!

29
  ·  10 days ago

As I read this my initial thought was to comment if you could provide some tutorials to better understand these TA's then BOOM! Links galore LOL. Thank you so much! Followed

25
  ·  10 days ago

Thank you!! haejin. it's great analysis!

25
  ·  10 days ago

Upvote

45
  ·  10 days ago

Wow.... @haejin you should open a school called CRYPTOLOGY, i will gladly enrol and bag first class, because your ideas are just overwhelming

But what could be responsible for the obvious similarities between trx/usd and trx/btc

If not properly observed, one may think they are one and the same

47
  ·  10 days ago

항상 잘 보고 있습니다!!
스티밋에서 이런거 잘 외치지 않는데...
트론아 가즈아!!!
앞으로도 기대되는 게시물 기다리겠습니다!

25
  ·  10 days ago

thank you @haejin ~ learning everyday from your blog

32
  ·  10 days ago

Master, please revisit ZRX and RDD. Thanks for sharing your hard work 🙏

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25
  ·  10 days ago

Agree. Another precision hit on ZRX. please do an update as the coin is still going strong

25
  ·  10 days ago

How about Monaco (MCO). Uber bulllish was imminent but it has been bearish since then. Pls look at MCO. Thanks...

54
  ·  10 days ago

Thanks for these updates. Tron is my first Crypto after SBD.

25
  ·  10 days ago

Hearing Haejin Lee voice on Youtube is very pleasing, he makes you wanna play with money instead of making it and earning it. BTW here's the link https://www.youtube.com/channel/UCpAXWMbMUv4P5R-15kHYFJw

44
  ·  10 days ago

Even if i like the technicals...the fundamentals scare me

29
  ·  10 days ago

thank you sir your information was so accurate I've done the same analysis similar yours and it seems like it's going to come out to do the same

49
  ·  10 days ago

Lots of positive reviews on the breakout of Tron in this 2018,
I think affordable investment is encouragement.

25
  ·  10 days ago

Hi haejin, it seems to me that the same chart pattern is occuring on neblio as well

25
  ·  10 days ago

Thanks for your kind information.

25
  ·  10 days ago

How is it that cryptos have changed my idea of how I measure time? I used to think that 5 years was like nothing but now when my investment doesn't moonshot in 3 days I'm like.................

Time to start buying and walking away from the screen.

I'll still have to check your posts though Haejin just in case lol

17
  ·  10 days ago

There is no doubt about it Haejin you are very strong with the force. Due to main money issues i keep putting off coaching with you but i can imagine knowledge flows of your very word.

Can really see another cup and handle, and as you said it is very very bullish when that happens,

25
  ·  9 days ago

Thank you for your analysis. I have been following TRX, and you, for a while and your analysis has helped me with my decision to buy. I am new to crypto and technical analysis, your videos and blogs are a great tool to use in my decision making.

25
  ·  9 days ago

how do I know if there's an opportunity to scalp?

28
  ·  9 days ago

We just have to wait a little bit and see if your prediction was correct :)

25
  ·  9 days ago

what do you think is it worth to enter the TRON right now?

41
  ·  10 days ago

Bought some more yesterday at 10.5 cents before seeing this post. Oh well, soon a dime will be a distant memory for this coin.

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18
  ·  10 days ago

You are complaining? I got in at 0.13 a few days ago. You are golden...

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41
  ·  10 days ago

xlerate, I'm not complaining! We will both be BRAGGING very soon!

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40
  ·  10 days ago

kk I went in at $0.22 and $0.30 :]

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25
  ·  10 days ago

I got in at $0.04 and regret not selling when it hit almost $0.32 on Binance... Oh well. Have a nice heavy bag of them, and will hodl. I am certain TRX is going up soon.

25
  ·  9 days ago

So no explosion imminent? What happened to that? Crap...might be stuck in this coin for a while if its doing a cup.

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29
  ·  9 days ago

no explosion here... o_O XD

25
  ·  9 days ago

TRX is being manipulate... If you look at the orders on binance you will sea what i mean...

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29
  ·  9 days ago

...and this means? Was expecting the boom.. but.. no explosion here o_O

49
  ·  8 days ago

The most recognizable Security Camera Company in California now accepts TRON. Click Here to read more.

25
  ·  10 days ago

so... the previous posting : price EXPLOSION Could be IMMINENT!! is not yet? right?

17
  ·  10 days ago

Thanks for the TA. I however track news regarding crypto's and TRX is know to be a bit scammy giving away free coins and having a copy/paste whitepaper.

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25
  ·  10 days ago

clearly you don't track crypto closely or you follow garbage "inquirer" like sources. Neither of these statements are true. Airdrops are a different beast... DYOR and stop spreading FUD. Not only that, but Elliot waves specifically state that new will follow waves. Not vice versa.