Tronix ($TRX) - possible pennant / falling wedge pattern.
TRX had been bullish last few month and now price seems to start retracing. Since January 2018
TRX is showing declining volume which also indicates that it's inside of some kind of the formation.In my opinion we might expect
TRX to retrace to green box area and it would be a great place to buy some. However if price is going to break both resistance lines (blue) and show some decent volume then this idea would be invalidated.
And price may even go back up to previous ATH.
Buy - green. Sell - just below resistance lines (blue).
Do not forget to set up stop losses.
I do not recommend to use this chart for margin trading.
It's not a financial advice.
Trade carefully and good luck!
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