Good time to sell TRX?

29 mar 2018

In this chart, I did a FIB based trend extension and outlined our support areas. I do think TRX will go down temporarily (probably to near the center of this channel), but we do have new support levels and the only definitive resistence at this point is .000116. With the release of this testnet in 2 days however, I am not sure we can rely solely on TA. Do I think selling a portion, say, 25%-50% now would be a good option, well yes, depending on where you bought in. However, we might just see some new support levels before and even shortly after this release that could define our new bottoms in the short term future. I think we will still see a lot of FOMO before this weekend. Buying in at any lower support level would also not be a bad idea in my humble opinion. If I had to pick an entry point, if it were to get there before this weekend, I would have to say .0001-.00015 would be pretty solid. That would be our first low point on our elliot wave.

29 mar 2018

Nota

Now above the .000116 resistence. Beautiful

29 mar 2018

Nota

Perhaps I jumped the gun on that last E point :) Well, we now have new support levels with next resistence level at .000142 (not sure if you can see it on this chart, might have to zoom out). Our new ascending support level will hopefully push us past this resistence level as well.

30 mar 2018

Nota

We technically dipped into the buy zone here momentarily. Just wanted to point out that I meant .0001-.000105 (not .00015). In between the two support levels.