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 charts). Overall, still bullish on TRX!
Note
We're also chilling in this ascending triangle (partly previous resistance turned support - see the green line; coupled with the top of the ascending channel - purple line). I wonder what'll happen when we hit the apex (hint: I think we'll go up).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.