TRX: What’s Next?
TRX: What’s Next?
TRX has completed a bearish harmonic pattern near the $0.1680 level. The price reaction indicates the presence of sellers around this area, suggesting that TRX might be poised to retrace some of its recent gains.
On August 25, TRX set a new all-time high price. It may attempt to rise again to test this peak, but subsequently, we could see a downward movement as indicated by the pattern.
Immediate support is expected around $0.1520, followed by the first target zone at $0.1450.
If the price manages to break through $0.1450, the next target zone could be around $0.1300.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TRX has completed a bearish harmonic pattern near the $0.1680 level. The price reaction indicates the presence of sellers around this area, suggesting that TRX might be poised to retrace some of its recent gains.
On August 25, TRX set a new all-time high price. It may attempt to rise again to test this peak, but subsequently, we could see a downward movement as indicated by the pattern.
Immediate support is expected around $0.1520, followed by the first target zone at $0.1450.
If the price manages to break through $0.1450, the next target zone could be around $0.1300.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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