TRON (TRX/USD) is carving out what seems likely to be a bowl or cup formation. Price action thus far shows that the Hurry Up & Wait syndrome is still in progress. The correction often goes a bit sideways during the bottom of the pattern. The white vertical line shows the half way point and since it's been passed; the remaining waves 3,4 and 5 are likely to start putting in the righ wall side of the cup formation. The target is $0.19 in this
Closeup shows that the Ascending Right is still valid; so live and kicking. It has actually progressed since last update as shown by the blue arrow line. Price is expected to be entrapped within the triangle contracting lines and as it becomes more proximal to the Apex, the breakout strength should only build. For this pattern to remain valid, the lower white line support must hold.When a pattern becomes embedded within a larger pattern; it's quite . The Ascending Right triangle is shown to be embedded with a larger symmetrical. decline can also be noted as confirmation. More proximal price is to the Apex; more likely the breakout time will occur. Let's see what happens the next few days. For this pattern to remain valid, the lower white line support can't be breached decisively.
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