Trxusdt
TRX elliot wave analysis and triangle pattern overlapHi dear traders
This is my idea about TRX. I think there is an overlap between Elliot wave analysis and Triangle pattern on the weekly timeframe of TRX.
my idea is that TRX will have a downtrend to 0.5 $ in the next few months, then we will see an uptrend to complete the 5th wave of Elliott wave
TRXUSDT Technical AnalysisTRXUSDT is moving up after the rejection at the Support in an Ascending Triangle. We have series of Green candles which shows Bulls are dominating the market at the moment. When the price reaches the Resistance we might get a short Pullback down to 0.066 and again move up or the price may break above the Resistance and heads up to 0.093. everything would be clear when the prices reaches the Resistance and in the lower TFs like 1H or 30M we might see good opportunities to enter a long trade.
Buy at 0.066 or Buy at Resistance Breakout
SL @ 0.05 or at Support Breakout
TP1 @ 0.093
TP2 @ 0.109
Happy Trading:)