Anyway, a lot of my members asked me lately to do an analysis on this one so here it goes. On the left we can see TRX' being clearly below a very important . Even after the market started to drop end of Dec, TRX' was one of the few who got another big pump. This could be manipulation, but this could also be a sign that there is a lot of interest from the market in this coin.
But now come the tricky part, when assuming this is a big on the left, the size of the right shoulder is already big enough in price and time. But based on that possible triangle and the fact that TRX' was less strong compared to the past 4/6 weeks, there is chance the triangle will break on the low side. But if the green zone there holds, the right shoulder can still be in play.
On the right it looks like a curved bottom and the green and red zones. I think the curved line will be a good indication of what the next step will be. Break of the red resistance should trigger a rally again from the looks of it.
So short term i would watch the green and red on the right, long term on the left.
I think TRX is one of the best coins out there. Marketing is ALL you need in crypto, hence the 1500+ shitcoins that are now available through ICO's. Justin Sun is a marketing genius so I have high hopes for this coin just based solely on that alone. It might not hit prices of bitcoin but as it is gaining momentum with developers, it could actually be useful and therefore go up in price. At 2 cents I think it is a steal, time will tell.