TRON (TRX): Bullish Scenario Intact

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link:

As of June 4, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

The below chart of Tron (TRX/USD) has very little change from last update. Yes, there is an ABC correctio in progress and this is still within the handle formation as can be seen in the below chart. So, the large Cup & Handle pattern remains still in progress. The white impulse waves still target the $0.34 level or so. What needs to happen? Price needs to start impulsing and breach decisively out of the handle formation.

alt

Here is the daily MACD for TRX. The shorter time frame historgrams are putting in a higher low (yellow line). The MACD white is curling upwards and should soon follow the blue arrow pathway.
alt

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?