TRXUSDT has recently broken out of a bullish pennant structure and an inverse head and shoulders pattern.
This suggests a potential upward movement in the price. The target for the inverse head and shoulders pattern is indicated on the chart, with the neckline serving as the buy-back zone. Additionally, the extended target is based on the potential pole estimation.
It's important to note that technical analysis is just one aspect of trading decisions, and other factors should also be considered. Your engagement and feedback on this analysis are appreciated.
Thank you for your attention to this analysis!
This suggests a potential upward movement in the price. The target for the inverse head and shoulders pattern is indicated on the chart, with the neckline serving as the buy-back zone. Additionally, the extended target is based on the potential pole estimation.
It's important to note that technical analysis is just one aspect of trading decisions, and other factors should also be considered. Your engagement and feedback on this analysis are appreciated.
Thank you for your attention to this analysis!
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The new level should be consider as the new buy back area with same target in mind.
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