Tron didn't managed to sustain above 840 level (23.6fib resistance) and since then it has fallen beyond the 61.8fib support region, however as it dropped below 780 (61.8fib support) we saw an immediate effect with a bounce upto 808(50fib resistance level).
All possible scenarios now:
Bullish view: If we get another bounce from the 780 region then we can see a truncated wave 5: Target1: 820-840 till the 4H 20&50 SMA resistance levels. Target2: 870(less likely)
Bearish view:If tron breaks below 750 then it will be heading towards my mid term analysis Target for Retracement wave 4 i.e 680sats region
SIdeways: If there is no major buy/sell volume to break upper/lower levels, then we can expect sideways action between 780 & 810 sats region (50fib & 61.8fib region)
https://www.tradingview.com/chart/2jHyamBl/#
All possible scenarios now:
Bullish view: If we get another bounce from the 780 region then we can see a truncated wave 5: Target1: 820-840 till the 4H 20&50 SMA resistance levels. Target2: 870(less likely)
Bearish view:If tron breaks below 750 then it will be heading towards my mid term analysis Target for Retracement wave 4 i.e 680sats region
SIdeways: If there is no major buy/sell volume to break upper/lower levels, then we can expect sideways action between 780 & 810 sats region (50fib & 61.8fib region)
https://www.tradingview.com/chart/2jHyamBl/#
Komentar:
Bullish view confirmed+5.8% up. Short term targets met, after the bounce, from 780sats region, confirmed the bullish bias & accordingly tron achieved wave 5 Target of 820-840sats. Re-entry: 680-720region, if 750 support level is broken.
Komentar:
