Crypto Contest September 12: TRON
TRON (TRXETH) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TRON began a wave one advance in February. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April, and the red wave two (blue sub-waves a-b-c) correction ended in August. If this wave count is correct, TRON should be heading next towards the April peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe TRON is currently in the red wave three (blue sub-wave iii). The red wave three began in February.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TRON is a decentralized blockchain platform for supporting smart contracts and high throughput. You can view the TRON virtual machine mainnet launch livestream recap below.
(Sources: https://tron.network/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "TRON will takeout the April peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "TRON will drop below the August low".
If you think TRON is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "TRON will stay in a trading range between the August low and the April peak until October 17".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 15 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus 1
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
TRON will stay in a trading range between the August low and the April peak until October 17 (25 voters as of 3 PM EST September 15: bleujay, bentleycapital, gregory-f, novus-locus, glennolua, abh12345, soundmoney, mellofello, simonjay, misalen, koskl, starline, steem-d-anlovnit, amity123, costanza, marverick984, punjolife, themovieplace, dine77, thatsweeneyguy, fullcoverbetting, mirda, rothberg, criptorafa, nzl19500).
You won. Paid out from @maarnio1
TRON will drop below the August low (13 voters as of 3 PM EST September 15: sqlinsix, vicspics, freiheit50, jznsamuel, milano1113, barbadosso, mgood, lydon.sipe, pario, mike11, biomanu, mitrado, galasek).
TRON will takeout the April peak (9 voters as of 3 PM EST September 15: skepticology, crokkon, toofasteddie, kunschj, steemit.nemesis, reconnectnature, techlife, chotho, sporttr).
What's going on with TRON?!?!
Really nice rally up...
It is fighting hard against the downtrend in cryptos.
Plus add this kucoin open a competition rewards on trx check this https://www.kucoin.com/#/rank/TRX
Hi @maarnio!
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