The 4th major wave of Tron retraced slightly below 0.5 Fibo level witch is a bearish retracement level for 4th wave. If you have ladder you buys from top to bottom of my buy zones in my last TA of Tron you could be now 170 sats ahead.
TRX (Tron) / BTC - 09 May 2018 - correction in progress, C leg still missing
Tron break out the channel resistance and then the channel resistance became support. I count for now 3 waves where it's not clear if this is the top of the 3th wave or she will go a little more up reaching 1.618 Fibo. Take into consideration that the 3th wave already making a bearish divergence on 1 hour.
Sell 1: If the 3th wave end here then the expected target for 5th wave will be at 2.275 Fibo (1120 sats) where the whole structure may do a double top.
Sell 2: If the 3th wave reach the 1.618 Fibo so there is a big change for 5th wave to reach the 2.618 Fibo at 1173 sats.
Sell 3: 3th Minute wave reached 1.618 Fibo so there is a big change for 5th Minute wave to reach the 2.618 Fibo 1369 sats.
Sell 2 and 3 are possible if Tron decide to do a extended 5th wave.
After that will follow a big Minor correction. It's too early to say but this correction may touch 660 sats region.
According to Elliot Waves rules the 5th wave should end with RSI bearish divergence. This is how I see the daily RSI in next few days or weeks.
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