TRX - May need a bit longerTRX (Tron) did break out of the last downward pointing triangle, as expected. Sellers were too depleted by that point, as we can see by squeeze occurring toward the apex of that triangle. It broke out slightly, with some large volume, but since has trended back into a pattern that may be another, albeit smaller downward pointing triangle. If this is the case, we may see targets within the triangle over the next week, while more sellers get squeezed out again. Notice previous to the last triangle, there were others prior, and each time they have reduced in size and duration. If this pattern continues to play out, we can expect it to be shorter than the last, and another possible breakout at the apex. For the breakout to be substantial this time, we will need bitcoin to stop climbing, as nearly all alts right now are bleeding due to people taking money out of them, and riding the bitcoin wave.
