TRX appears to be adhering to an ascending triangle after it's recent move up. I think, fundamentally, TRX is bound to have more moves up in the next 9-10 days (e.g., due to MainNet launch); however, it's good to see the technical analysis appears congruent with this direction.
Based on the apex of the triangle, I'd expect a move either way within the next 3-4...
TRX has about 14 hours left before it'll likely make a break up or down. I'm expecting up, mainly based on fundamental news (Main Net launch in 3 weeks).
TRX is adhering to an ascending parallel channel (purple on the chart); I've taken the 1D timeframe to fit in the previous ATH, but if you use 1-4 hour TFs then you can see we're sticking even more closely to those trend lines. OBV also looks very strong - the last time OBV was this high, TRX was valued at around 1250 (see the green lines in the price and OBV...
TRX broke down and sideways from the ascending triangle I identified in a previous post (i.e., the blue support/resistance lines marked in the chart). I expected a break up from this triangle (as long as BTC continued sideways or upwards); however, as BTC had a price drop, this stopped TRX from moving significantly upwards. Having said that, we're now in a...
TRX looks to be respecting the lower and upper lines of another ascending triangle. We've bounced off the bottom line with conviction each time; we've tested the top three times now. Volume has been steadily increasing, and TRX seems to be bouncing back faster from BTC price dumps. My expectation is (if all things remain similar) that we'll break through the...
TRX appears to be nearing the apex of a small ascending triangle (blue), while also approaching the apex of a larger ascending triangle (purple). We've broken out above the purple trend/resistance line previously, but dropped back under during a recent BTC 'dump'. If BTC continues sideways or up, I'm expecting TRX will break upwards.
TRX seems to be respecting the triangle I've marked out on the chart - overall, signs are still bullish for TRX (e.g., the current and previous chart patterns, volume, and fundamental news upcoming); however, we may continue sideways for up to another week before seeing any big movement up .. and in the meantime, chances are we will bounce back and forth within...
TRX seems to be adhering to this rising channel. This could be good for some swing trades; however, I'm expecting TRX to continue upwards (so it's fine to just hold too). It's useful to note that TRX's daily volume has been steadily rising over the past 5 days. This, plus upcoming announcements and main net, makes me bullish on TRX in the short- and mid-term.
It looks like TRX moved upwards out of the ascending triangle that I mentioned (). We're now in a (symmetrical?) triangle. My expectation is that the bottom support trend will continue to hold strong (making 510-511 sats our new soft bottom, which will gradually increase from here - until we reach the apex); this is based on the upcoming fundamental news for...
It looks like we're coming to the apex of an ascending triangle. I'm estimating upward movement, based on TRX having a solid support at it's current price.
