The chart has been low and in a holding pattern for the last few days as we are awaiting "big news" according to Justin Sun, the founder. I take faith however in the speed at which it recovered when it did take slightly more dramatic dips. This tells me people are waiting to buy in at a good level and awaiting this news.
How long this side ways equilibrium will last is still uncertain but as of 6 hours ago Justin Sun announced the news is coming soon" and due to be announced before Jan 14th.
Would love to know what you think of the chart, particularly the support areas and targets, are you in on TRX let me know! I'm still learning a lot of this stuff so please correct me if you find something you disagree with!
The one thing I've never personally experienced in Crypto is the effect of a coin burn which I believe it happening 1st QTR for this coin as well. I'll be hoping for the best like you I'm sure but also be prepared for panic sellers to accelerate this thing diving if it breaks the lower support. Very rubber bandy.