TRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next.
TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and has gone fully decisive with the introduction of the offshore Chinese Yuan (CNH) support and going as far as touting its strength vs $USD.
I put my TP for the next bull run. The price puts TRX at a MC of $128B or 10x its MC from the previous ATH. 10x is in my opinion a conservative figure in crypto.
If there will be a blow off top then TP2 is it IMO.
Not Financial Advice
TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and has gone fully decisive with the introduction of the offshore Chinese Yuan (CNH) support and going as far as touting its strength vs $USD.
I put my TP for the next bull run. The price puts TRX at a MC of $128B or 10x its MC from the previous ATH. 10x is in my opinion a conservative figure in crypto.
If there will be a blow off top then TP2 is it IMO.
Not Financial Advice
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Looking great for TRX!
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It's testing the slope down from the upward momentum. Moment of truth for TRX!
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TRX was able to close above on the monthly. Epic!
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I wouldn't be surprised if there's a re-test but I doubt that will happen on the monthly. We'll see a quick climb and then some sideways action before the full throttle up.
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Price testing and then bouncing the MAs nicely. Would love to see some commensurate volume next
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Re volume, perhaps a re-test is needed to get people super excited and buy aggressively...
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Beautiful retest on TRX. Super excited to see what happens next
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Daaaamn, that retest candle looks super hot. Wick down, super rejected, pushed up. Monthly close above 0.06710 and we're gold. Play the long game...
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Even with all the negativity surround Tron & Justin (lawsuit etc), the price action still managed to hold! This is amazing!
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TRX bouncing off 55MA on the weekly and kissing 7c which is super bullish IMO. Can't wait to see what's in store next! 10c will happen sooner than you think
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TRX is up when the whole market is down. Do you believe now?
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LTF projection
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Amazing price consolidation over last month with a short-line candle. Volume looks good too. I think TRX will surprise many. I'm even more bullish than I was tbh.
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TRX is heading for 0.10 this month. When the market sees a raging TRX they'll all pile up and the aggressive buying will begin.
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This is likely the last few days or mere weeks of accumulating TRON under 0.09. It's about to take off and never re-visit this level
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Goodbye 10c say hello to 12c as soon as december!
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Will TRX will hit 12c this week?
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Symmetrical triangle is still valid!
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Still valid...
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Superb PA going on lately. The question is it doing a retest of the triangle or not?
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The answer is yes: a re-test is under way
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TRX will most likely revisit the $0.10c/$0.09c area before it resumes its run
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re-test complete TP of 11c reached. Aiming for 12c next
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Insane how the symmetrical triangle PA developed
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TRX PA is approaching the upper side of the 2-year long ascending parallel channel. Some will call for a correction. But this is a bullish ascending channel so I doubt there will be a serious correction below the channel. There are two possibilities I foresee:
1. TRX consolidates right under the top of the channel for a while (until post btc halving)
2. TRX breaks out of the channel towards $ 0.15c and re-tests the channel from the top. Then it resumes the uptrend after halving
1. TRX consolidates right under the top of the channel for a while (until post btc halving)
2. TRX breaks out of the channel towards $ 0.15c and re-tests the channel from the top. Then it resumes the uptrend after halving
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It looks like possibility # 2 is more like it but we'll know more about this next week:
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It closed well above the channel on the 1d TF. It's doing its re-test dance. It's still early for a definitive conclusion
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Do we have re-test? I think we do. Excited for what's coming up next!
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If this re-test succeeds, what's next will blow your mind! There will be price discovery after this. $.30 won't be much resistance. It's FUEL!
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One more re-test rn
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TRX got rejected at ATH. This is very healthy. It needed to spend some time there, consolidate and break out. It's already been doing that for a month. Does it need another month? It depends on this month's close. Is it an engulfing bearish candle? Will close slightly above its current level? Either way, this is healthy. TRX needs it! For those who are patient and hold throughout, it'll be rewarding! NFA
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I believe the correction is over.
