Txa will aim higher?When the contracting triangle was broken before, it made a regular 5 wave elliot rise. Should we expect to break this triangle to up again? And i'm wondering about this schiff pitchfork will work or not.
This is not a financial advise.
Txausdt
TXA/USDT { TXA PROJECT } - BULLISH SETUPANALYSIS 🔎
- TXA/USDT is currently on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and ascending trendline support.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- We could be on the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level (@3.4829).
TARGETS 🎯
- Horizontal resistance level (@4.5460).
- Fibonacci extension level 1.0 (@4.9140).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@3.2711).
