TRX triangle break out and formation of uptrend channel.
Updated
Uptrend break out from the smaller descending triangle or early breakout from the large triangle is now executed. TRX is now forming an uptrend channel with good opportunities for trading at the resistance (top) and support (bottom) levels. Make sure to check charts at various time levels and receive confirmations before executing your trades.
This is my noob TA, so make whatever you will out of it. It must not be considered financial or investment advice of any kind and is for informational purposes only.
This is my noob TA, so make whatever you will out of it. It must not be considered financial or investment advice of any kind and is for informational purposes only.
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TRX has broken out through the channel. Expect the top channel border to become new support. It also looks like it may be forming a cup and handle pattern and if it executes it will be massive. The patter execution may coincide with the upcoming news and events for the TRX.
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