The near-term view is suggesting that the bigger correction against the all-time low unfolded as a double three structure where wave w ended at $0.0103 low, wave x bounce ended at $0.0453 high. While wave y ended at $0.0065 low and with that the correction against all-time lows ended in wave (II) pullback. Up from there, rally higher is taking place as 5 waves impulse structure where cycle degree wave ((1)) ended at $0.0533 high, and wave ((2)) pullback ended at $0.0224 low. Near-term, while dips remain above 0.0224 low and more importantly above $0.0065 low expect Tron to extend higher approximately towards $0.06931- $0.09823 area higher before a pullback can take place.
Tron TRXUSD Daily Elliott Wave Chart 2.16.2021
