TRX (Tron) Analysis 6/22 TRX-USD

TRX/USD has adhered well to the targets and, as expected, has finally broken down. At TRON in the 78.6 Fibonacci region in combination with a 100.00 Fibonacci extension target for the wave c, a first bottom was formed.

However, due to the strong downward momentum, I assume that the overall correction is not yet over and that the price will at least still head for the region around $0.028.

Only then is it advisable according to EW to look around for soil formation. There you can try to get into a long movement. Not before! Please always keep an eye on the volume. Upward trend spurts should always be accompanied by a high volume.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!

Cheers Jessy