Summary:
Tron is one of the most popular cryptos, it has been in correction since Jan 2018 and looks like it has found some support and is bouncing of it.
Interesting thing that we can observer on TRX chart is the price is at the same levels it was trading before it made a huge swing up to 2000 BTC in Jan 2018 and even the volume is allow at the same levels. The chart below shows what exactly i am talking about.
Looks like their might a potential Fractal in play here if we compare the Dec swing highs to this level. Major announcement that is to be released in end of March could drive the price up.
Target Zone:
The recent swing is bouncing of 38% fib, if we consider this as impluse wave 1, Wave 3 can go as high as 950 BTC.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
