TRX inverted H&S

By bizmark
Updated
In the beginning of this year Tron broke up the major downtrendline☝️. Then after this👇 sucessful call...
TRX triangle breakout

...TRX formed Inverted Head and Shoulders🤷 on the daily timeframe and triggered the pattern by breaking the neckline up (zoom in to see the details). Price then fell back down below the neckline and recently broke up once again. I think there is chance for run to 0.08555 and even higher. The yellow uptrendlines could act as a guide.
  • INVALIDATION (SL): Right Shoulder @ 0.05879
  • TARGET (TP): Inverted H&S target projection @ 0.08555


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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Comment
Closer look at the inverted Head and Shoulders alone without trendlines:
snapshot
Chart PatternsTrend AnalysisTRONtronicsTRXTRXBTCTRXBUSDTRXEURTronTRXUSDCtrxusdt
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