Tron (TRX / USD) was able to stop the correction in the forecast range ($ 0.06 / 0.05). Currently, the market is disoriented in an ever-narrowing range of pennant formation.
The breakout from this formation is likely to dictate the next major direction of movement. According to EW, there is also the possibility that the current movement in the pennant formation can be assigned to a wave b (red). B-waves often run in triangles with their internal sub-waves (a-b-c-d-e).
According to the EW rules, the end of the last wave e of the triangle would have to be erupted on the opposite side. So down. If so, there is once again massive correction potential in the price range of roundabout $ 0.03.
On the other hand, if the breakout succeeds over the correction high of $ 0.075, there are good opportunities to reach new highs.
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy
