TRX is aiming for it's previous ATH on USDT pairing and major resistance on the BTC pairing at 310 sats. IT has a lot of momentum with good volumes and is just breaking out of an ascending triangle on the 4hr TF.
After doing a detailed Neowave/Elliott Wave analysis with Neowave Founder Glenn Neely, we came up with several potential counts for TRX. The above count is what I personally think is the most likely possibility because it follows all required rules as closely as possible compared to the other counts. Of 5 possible counts, 4 are bullish, and 1 is bearish but near...
TRX has been riding the green support marked. A break below it would be a sell signal to try to buy back at next support marked. We are currently still above the previous indicated channels (May have to zoom out to see bigger picture). If price holds green support I'd expect price to hit to resistance line around $0.19 before a potential bigger pullback.
Currently under 15cents, I believe Tron still has some decent upside.
Due to this trend being choppier since the lows than Wave (A) this adds credence to the Wave (C) Zig-Zag theory.
I have linked the related TRX\XRP chart below in related ideas.
I also talked about the TRX pattern in previous video idea which I will also link below.
Just remember: I am not...
