TRXBTC Breaking Up From Weekly Triangle

٢٠ يناير ٢٠٢٢

The weekly chart on TRX is starting to look really bullish. Nice bottom signal and the indicators look good too. We're also breaking out of this tightly wound triangle which could potentially signal the end of the 4 year bear market. It looks like minimum target against BTC is 323 sats for the smaller triangle, but it could go significantly higher than that if we get a full breakout from the long-term triangle, which seems pretty likely.

Justin Sun has been making big moves by becoming Ambassador to the WTO for Grenada. Wouldn't be surprised to see some small countries adopting TRX as an official currency, similar to what El Salvador did with BTC. Also regulations will likely improve in the US this year which could help drive the price of TRX and many other cryptocurrencies and remove much of BTC and ETH's regulatory advantage.