šŸ“ˆ TRX Forms a Classic Cup and Handle Pattern! šŸš€


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.


šŸ” Key Observations:

āœ… Rounded Cup Formation: A smooth "U" shape instead of a sharp "V" bottom, indicating a strong base.

āœ… Handle Consolidation: Price is testing previous highs, likely encountering some resistance before the next breakout.

āœ… Volume Confirmation: Decreasing volume at the base of the cup, with an expected surge on breakout.


šŸ’” 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? šŸš€šŸ”„


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