TRXETH: Potential Partial Decline of an Accumulation Range

Tron's Ethereum trading pair has been trading at lows within the bounds of this range since near the end of 2020, and now as price approaches the end of 2023, We can see that it is attempting a Partial Decline, which can only be considered a confirmed Partial Decline once and if price hits the top of the range again from here rather than first making a full retrace to the bottom. The addition of a Partial Decline would then bring the Bullish breakout chance all the way up to 80%.

If it breaks out I'd suspect that it would go for the 61.8% Retrace first then jump to the 088.6% Retrace second.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.