TRON / EthereumLong
Potential Buy Opportunity TRON
Updated
On the TRXETH 4HR Chart, it looks like we have the first impulse wave followed by a 61.8% retracement on our 2nd wave. Good buying opportunity now at $0.14-$0.16. The better strategy is to wait for a breakout past the $0.25 mark or 0.00025 ETH. Looking for volume at this point to push the price to our 3rd wave where I believe we'll at least hit the 1.618 level at 0.00047. I put the 3rd leg up to the 0.00050 mark since this may be a psychological number. By all means, it does not have to stop there since the 3rd wave is usually the largest but 0.0005 is a conservative target level.
As mentioned, look for buy entry now at the .618 retracement which is 0.0000083-0.000010 BTC and 0.00014-0.00016 ETH or wait for volume increase and a breakout at 0.00025 ETH.
TRXETH 4HR Chart, it looks like we have the first impulse wave followed by a 61.8% retracement on our 2nd wave. Good buying opportunity now at $0.14-$0.16. The better strategy is to wait for a breakout past the $0.25 mark or 0.00025 ETH. Looking for volume at this point to push the price to our 3rd wave where I believe we'll at least hit the 1.618 level at 0.00047. I put the 3rd leg up to the 0.00050 mark since this may be a psychological number. By all means, it does not have to stop there since the 3rd wave is usually the largest but 0.0005 is a conservative target level.As mentioned, look for buy entry now at the .618 retracement which is 0.0000083-0.000010 BTC and 0.00014-0.00016 ETH or wait for volume increase and a breakout at 0.00025 ETH.
Note
Patiently waiting...I anticipate another 2 days before we see something.Note
We have broken out past the 0.00016 mark on the 1hr chart. Looking to close above this level on the 4hr chart. Volume is up to last bull run. We may get lucky here. I definitely didn’t expect it to be this soon, so may be a false breakout.Note
False break out. Lets hope it follows the trend line and breaks out to the upside soon.Trade active
TRX is scary low but so is everything else. Still in in the trade.Note
Support found at 0.00013. It closed below bottom trend line but has support at 0.00013. After revising the upper down-sloping trend line from last night's high down to support, it looks like we'll see some price action by 7AM 1/9. If it closes below support, expect to go down to 0.00009. If it stays above support, I expect it to go up. Can someone tell me how to post pictures/charts on my updates? I am new to this.
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