TRX waiting for break-out
The market is under heavy pressure, but smart money is moving in opposite directions.
Macro:
- S&P500 testing bottom support
- IWO / IPO tech indices making higher lows
- BTC making higher low
- FED can't be too hawkish with a military and financial conflict
- GOLD developing bearish harmonics
TRX already tried to make an inverse head&shoulders on the daily, after breaking out of a falling wedge. See details on the chart.
Macro:
- S&P500 testing bottom support
- IWO / IPO tech indices making higher lows
- BTC making higher low
- FED can't be too hawkish with a military and financial conflict
- GOLD developing bearish harmonics
TRX already tried to make an inverse head&shoulders on the daily, after breaking out of a falling wedge. See details on the chart.
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