In this article
, we discussed why we should expect a breakout in TRX
. We even gave the price targets where this asset would find support or resistance. In fact, we were spot on with our analysis. We noted that that TRXBTC
was consolidating and a breakout was nigh. It took a bit, but readers who followed our insight were rewarded for their patience. As you can see in the linked article, profit targets were clearly spelled out at 369, and 418. A final target of 457 has yet to be attained, but we expect this to be realized as well, perhaps after a brief corrective phase. TRX
does appear to have begun this corrective phase, and current levels, 356 at the time of this writing, seems to be a good entry point. A full retracement to 322 may be another good entry point. Be advised because if these levels don't hold, there is a vacuum zone down to 288.