Over the course of the last ~1.5 years, TRX has been forming a massive bearish triangle pattern . Bearish triangles classically break bearish , so that's what we're going to look at today. With TRX recently showing signs of reversing from the pattern's resistance, a bearish move is becoming more likely.
Wait for the break of the lowest purple support before scouting an entry.
Since the support has been holding for so long, a break of said support can lead to a massive sell-off because of all the stop-losses below it. Targets in blue.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.