Crypto Contest March 8: TRON

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·@maarnio·
0.000 HBD
Crypto Contest March 8: TRON
TRON (Binance: TRXUSD) has broken out of the triangle pattern in the daily chart.
https://i.postimg.cc/C5DR3XZ3/nimet-n.png
(Chart courtesy of Tradingview.com (log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, TRX began a wave one advance on December 18, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 26. If this wave count is correct, TRX should be heading next towards the February 14 peak in the red wave three.
https://i.postimg.cc/X7JhgWC1/nimet-n2.png
(Chart courtesy of Tradingview.com (log scale))

Looking at the weekly chart, I believe TRX is currently in the wave three (blue sub-wave iii). The blue sub-wave iii began in September 2019.
https://i.postimg.cc/0yVnVWTk/nimet-n3.png
(Chart courtesy of Tradingview.com (log scale))

**Funnymentals**

TRON strives to build the future of a truly decentralized internet. Nugget's News interviewed Justin Sun one week ago.
<iframe width="560" height="315" src="https://www.youtube.com/embed/q_WfrABu8cc" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
(Sources: https://tron.network/)



**How Will TRON Trade?**

TRON (Binance: TRXUSD) daily chart by Tradingview.
https://i.postimg.cc/BQYPyrnV/nimet-n4.png
(Chart courtesy of Tradingview.com (log scale))

**Prizes**

I will be giving upvotes to the correct answers with minimum reputation of 25.


**Rules**

This poll will expire in one week. Only one vote per person.

**Which one will happen first?**

Please select one of the three choices and comment below.

TRX will takeout the February peak

TRX will drop below the January low

TRX will stay in a trading range between the January low and the February peak until April 11

Posted via <a href="https://steemleo.com/">Steemleo</a>
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