TRX has been trading in a relatively tight range since last year, that range is coming to a point now and it seems like, based on EW structure, that this triangle should break up within the next few weeks. If it doesn't break up in the next few weeks then we'll probably see it continue to consolidate into the tip of the triangle until the end of the year, before breaking up.
If this is the end of a pattern which began in 2018, as shown on my chart, we should see a explosive and near vertical move out of this range. Typically, when volatility reaches a very low point, it is often followed by a massive increase in volatility. This combined with USDD potentially burning a huge amount of the supply of TRX in the future could lead to prices in the double or even triple digits over the next year.
Thanks for your post. I wish you good luck with your trades.
legi4
⋅
@Tradersweekly, trx is located in a large triangle, 0.18 wave B, at the moment of the zigzag wave C in the form of a final diagonal(ED), this will be the last low price that we will see. I wish you good luck!!!
etcopo
⋅
I always get the feeling His Excellency has been building an infrastructure for a future that is not yet visible but we have some idea of.
Also his continued attention by Forbes intrigued me. Sun certainly is not just some random person off the street.
camcaine
⋅
Is the Highs to Lows in Order your own?
legi4
⋅
PS: In the coming days, we will see a vertical drop in bitcoin, from the point of view of the fundamental, it will be some kind of prohibitions somewhere :)