TRON (TRX) is showing a bullish continuation structure within an ascending channel, following a breakout from a falling wedge pattern.
Currently, the price is consolidating inside a small bullish pennant, indicating a potential breakout to the upside. If this breakout materializes, it could trigger a rally toward the Fibonacci extension levels.
📌 Key Targets:
0.29849 (200% Extension)
0.31102 – 0.31222 (224% Cluster)
0.33207 (261.8% Extension)
📈 Technical Confluences:
Price is trending steadily within an ascending channel
Previous breakout from a falling wedge pattern confirms bullish sentiment
Higher lows structure remains intact
The pennant pattern typically resolves in the direction of the prevailing trend
📉 Invalidation Level:
A breakdown below the lower trendline and 0.258 support would invalidate the bullish scenario.
This chart setup offers a favorable risk/reward opportunity if the breakout is confirmed with strong volume.
Currently, the price is consolidating inside a small bullish pennant, indicating a potential breakout to the upside. If this breakout materializes, it could trigger a rally toward the Fibonacci extension levels.
📌 Key Targets:
0.29849 (200% Extension)
0.31102 – 0.31222 (224% Cluster)
0.33207 (261.8% Extension)
📈 Technical Confluences:
Price is trending steadily within an ascending channel
Previous breakout from a falling wedge pattern confirms bullish sentiment
Higher lows structure remains intact
The pennant pattern typically resolves in the direction of the prevailing trend
📉 Invalidation Level:
A breakdown below the lower trendline and 0.258 support would invalidate the bullish scenario.
This chart setup offers a favorable risk/reward opportunity if the breakout is confirmed with strong volume.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.