TRON (TRX): A Primary & an Alternate

SUMMARY

The very long symmetrical triangles in both price and MACD for Tron (TRX/USD) differ mostly in the fact that the price has broken out but MACD has not yet. This is bullish. Once MACD does breach and breakout of its symmetrical triangle, price can potentially go wild.

The alternate would be more of a non-vertical incline as shown by the saucer pattern. But, prior behavior of vertical ascent makes this scenario a clear alternate.

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?

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