TRON with ticker TRXUSD has been mostly trading sideways in the last two years. Despite the bearish Crypto market in 2022 TRX stoped at some interesting supports.. If we take a look at bigger, weekly logarithmic scale chart, we can still see it trading nicely above major weekly trendline connected from the all time lows. So, there’s still a chance TRX will be looking looking for higher trhid wave, maybe even of a five-wave bullish cycle, but we want to see broken 0.13 bullish confirmation level to confirm that wave (3) is underway.
Alternatively, this can also be a triangle if price will stay sideways and trapped in range for longer period, but its till a bullish pattern.
Ethereum is also bullish and it’s pointing higher. For a detailed view, make sure to check our latest video analysis below:
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