Wave-B has formed into a double combination which are normally retraced 80%. Wave-E from beginning to end should also be related to wave-C by 61.8% in price, and C+D in time. This leaves us with a target of 5.5 cents for TRX, which could happen around February or March.
Following this correction we should see an explosive rally which will take TRX well above all time highs because this will be the actual end of the 4 year bear market pattern. It could go higher than $10 next year and then even higher in the following year.
Positive regulations from the US will be a major driver of crypto prices next year as new institutional money starts entering because of regulatory clarity. High inflation will also be a major driver of higher prices in later 2022.
Following this correction we should see an explosive rally which will take TRX well above all time highs because this will be the actual end of the 4 year bear market pattern. It could go higher than $10 next year and then even higher in the following year.
Positive regulations from the US will be a major driver of crypto prices next year as new institutional money starts entering because of regulatory clarity. High inflation will also be a major driver of higher prices in later 2022.
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TRXBTC looks like it has bottomed, and the TRXUSD chart is also showing signs of a bottom. I wouldn't completely rule out a dip under 6 cents but either way these are really good prices to be accumulating at.
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TRX has hit my price and time target almost dead on. At this point it's best to be looking at the upside targets which are at minimum $10 this year if we are really at the end of the 4 year correction which began in 2018.
TRXBTC will likely bottom out later but ultimately should also go back to ATH eventually.
TRXBTC will likely bottom out later but ultimately should also go back to ATH eventually.
