TRX/USD Main trend. Cup with handle. Triangle.

The main trend(most of it). Logarithm. Weekly chart.

Coin in coinmarketcap: TRX

An idea to understand the trend and visualize the formation of a bullish formation in a bear market and such large size. The reversal/jamming zone is yellow levels. Quite a long time the price is squeezed the final phase of the triangle. Volatility is decreasing. At the decoupling, the exit is very likely to be momentum by a significant percentage.

Linear, to understand the trend and clarity of formations. A cup with a handle, a large triangle with a base of about 200%.


Candlestick chart with the same parameters.

Secondary trend. Close-up of the triangle area.

Pair to bitcoin

TRX/BTC Main Trend. Linear 1 week. Rhombus 250%

Comment:

A huge triangle. Pivot zones and interest from key support zones in case of holding/breaking them.

Comment:

Here's how it all looks on the line chart for clarity.
Note that the price has fallen by -75% since the pumping peak.

Comment:

+44.16% from the reversal of 0.04555 (knocking out stops). From the level of 0.050 now +28%. Important resistance zone. Locally, an ascending pennant may form.

Statement from Justin Sun (“creator” of TRON, i.e., the marketer) :

A major country will soon legalize TRX and its ecosystem tokens as legal tender. This is a huge step forward for legitimacy and mass adoption of TRON and other digital currencies.