P_S_trade

TRX 1D Draws "Head and Shoulders" and down?

P_S_trade Aggiornato   
BINANCE:TRXUSDT   TRON / TetherUS
Let's take a look at the global picture of TRXUSDT
It can be seen from the graph that from September 2020 to February 2021 TRX was actively purchased in the range of $0.025-0.035.
And then, after such a consolidation, a logical shot up. The market managed to raise the value of TRXUSD by 500% - whether it is a lot or a little for TRX investors we don't know, we are simply stating a fact.

During the last month, the price of TRXUSDT has been drawing a pattern similar to H&S. Falling volumes during the last trading month strengthens the possibility of working out this pattern.

What we can expect from the Tron price in the future?:
1) The critical level from above $0.155, if it cannot be broken upwards, then a strong fall in the TRXUSD price cannot be avoided.
2) The base of the theoretical H&S is in the area of ​​$0.10 and if the price pierces it down, then the first liquidy zone that will meet a fall will be $0.05-0.06
3) Most likely in the zone of $0.05-0.06 there will be a consolidation, where it will be decided: the price of TRXUSDT will rise again to $0.10 or fall even lower to $0.025
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