Hey guys, just sharing here my idea about the new trend that potentially has started after having completed the ABCDE correction in the larger degree WAVE 2 (shown in green). The correction ABC (shown in purple) is an irregular correction, showing signs of weakness for the bears and as you can see the following wave 5 sky rocketed making a 50% price increase. If we look at the following ABC (shown in blue) the A looks like it could be subdivided into 3 waves (5min chart), the B retraced deeply at the 0.786 of Wave A and the C extended 100% of wave A, which in my opinion makes this ABC correction a flat correction, once again showing weakness for the bears. On a larger time frame, in my opinion TRX/USDT is on a verge of a long bullish rally that will take the pair to new ATH soon, at this current low price would be silly not to stack up some TRX and just hold for a few months...As they say let the runners run!
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