TRX/USDT Possible bull flag/Inverse H&S

18 thg 2, 2019

TRX hasn't seen the moves that other coins have against USDT as of late seemingly because it ran well before they did giving 100% gains to those daring enough to buy the bottom. It's easy to forget about it because it hasn't run with BTC, ETH and LTC recently, but this is some solid consolidation on the weekly TF. W'll be looking for either a cupping pattern to form a right shoulder (though I don't like that there is no clear neckline), or a break of this bull flag with volume. The 28-30 area should pose as resistance and because TRX doesn't have a lot of history against USDT I've marked what I believe would be a solid target should we get a bullish move. Those two weekly candle closes seem ripe for a test.