Chart of the Day: TRON (TRX)

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It seems to me that Tron has a love an hate relationship with crypto fans. I've heard everything on Twitter from 'scam' to 'the next big thing'. I generally ignore such voices and look at price action through the glasses of RN Elliott.

In TRON we saw a very clean, albeit very extended five wave pattern into January, before the correction we find ourselves. So, far this correction has remained 'run of the mill', holding over the .618 retrace, the standard for wave 2. We have an incomplete pattern to the downside and so ideally see it hit the .618. I have 'confluence' in the .01 to .008 vicinity for the 5th of C as shown.

While I cannot guarantee we do bottom there, 5 waves to .04 after hitting that regions gives a good chance the large wave three has started.

TRXUSD - Primary Analysis - Sep-03 0838 AM (1 day).png

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