š TRX Forms a Classic Cup and Handle Pattern! š
Despite Bitcoin dump, TRX is making strong bullish moves. The chart clearly shows a cup and handle (C&H) pattern, a bullish continuation signal first defined by American technician William J. O'Neil.
š Key Observations:
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Rounded Cup Formation: A smooth "U" shape instead of a sharp "V" bottom, indicating a strong base.
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Handle Consolidation: Price is testing previous highs, likely encountering some resistance before the next breakout.
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Volume Confirmation: Decreasing volume at the base of the cup, with an expected surge on breakout.
š” If TRX breaks above the $0.235 resistance, we could see a powerful move to the upside. Keep an eye on volume and confirmation before entering!
What are your thoughts? Are you bullish on TRX? šš„
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