TRON's Wave 1 & 2 of current cycle over with. What Next?
2024-08-31

I believe that this cycle's wave 1 and its correction are done. Wave 2 being a shallow correction at Fib 0.236 gives us some clues as to what to expect next. Here's why I believe Wave 1 and its corrective wave 2 are past us and how wave 3 has already begun.

 
  RSI bearish divergence (usually happens between the tops of wave 3 & 5 price action)
  Correction to a significant fib level 0.236
  RSI's significant correction and confluence at Fib .5 and RSI level 50.
 

And yes you can definitely apply Elliott Wave theory to the RSI signal, which I rarely see being applied here on TV. It helps confirm not-so-obvious EW charts.

So what do I expect to happen next? Either upcoming wave 3 or wave 5 will extend reasonably. I'm putting my money on wave 3 but won't rule out 5. The recent meme mania on TRON is shaping up quite nicely and could be the precusor of the extension and explosive price growth.