๐ $TRX /USDT โ Are we facing a breakout towards $0.4200?
๐ $TRX has been trading within an ascending channel since February 3rd
๐ The last higher low was on the 1D MA100 (the green line) on September 6th
๐ผ Now attempting to break the trend line towards the previous lower highs to confirm the next bullish phase
๐ง The current pattern resembles the March-April fractal:
โ Breakout Fibonacci extension 1.618
๐ RSI exceeded 80 โ Entering the overbought zone
๐ Then started to decline after reaching the target
๐ฏ The current scenario:
If the last peak is broken, this is a clear buy signal
๐ Technical target: $0.4200 (Fibonacci extension 1.618)
๐ Indicators support the momentum:
โช๏ธ Continuous ascending channel
โช๏ธ Dynamic support at MA100
โช๏ธ Accurately repeating fractal pattern
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