TRX Has broken out from this 6 year triangle and perfectly retested the trendline. As long as support at 11 cents holds TRON looks ready to finally end 6 years of volatility compression with a massive decompression that could send prices vertical in a similar fashion as what we saw in 2018.
Best case scenario TRX is over $10 next quarter, but at minimum we should go to at least $1 next quarter and then could hit $10 later this year or next year.
Best case scenario TRX is over $10 next quarter, but at minimum we should go to at least $1 next quarter and then could hit $10 later this year or next year.
Trade closed: stop reached:
Since 11 cents was broken it seems less likely this count will play out. For now I will wait until a clearer pattern emerges before making any forecasts. Most of crypto and the S&P seems like they will go lower for now.
Trade active:
It seems like we are hitting strong support here and have formed into a zigzag or flat pattern on most cryptos. It is still possible that this count plays out on TRX as long as this support can hold.