Cryptocurrencies Strategy Trends

TRON [TRX]: guys, pay attention to this pattern…

I am not really a fan of this altcoin which I think it has more marketing than technical aptitudes right now but when looking for Trading opportunities based on Technical and Pattern Recognition techniques I cannot deny the evidence of what seems to be a great chance of success.

Besides the recent announcement of the mainnet SUN Network launch scheduled for August 10 , TRON [TRX] has completed already a full cycle of 5 waves up and 3 waves down, Golden-cross reached on early February and it has broken the triangular pattern already by mid March.

Additionally, we have a perfect Inverted Head and Shoulders Pattern on the daily chart, ready to trigger the price upwards:

Projected target is 0.056 USD while analising the FIBONACCI’s levels we could say that being the 1st and the 2nd wave completed, a conservative value for a third wave touching 0.059 USD seems a realistic target:

All in all I think this altcoin is going to take off in short, be ready for that.

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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