TRX Breaking Up From Super Tight Range (Elliott Wave)

TRX is potentially breaking out here. Momentum looks good, we've broken all the downtrend lines. Wave theory suggests that wave-c has finished based on time and price and structure. Harmonic cypher also suggesting a potential bottom. All signs pointing to a MASSIVE up. On-chain statistics are also showing a possible supply shock happening soon. TRX (and most cryptos) will probably go to all time highs from here, and quickly.

TRX is likely to be declared legal tender in Grenada within the next few weeks according to Justin Sun, which could give it a huge boost and propel it into the top 10 by market cap.

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TRX has made several attempts at breaking out here and has so far failed so either this will keep going sideways or we could make a new low probably to around 5 cents.

USDD could give TRX a lot of buying pressure because of USDD having high APR which will lead to high demand and will help arbitrage the price of TRX higher.

This doesn't happen until May 5th so I think around mid may is when we may see the bottom start to form for TRX.