The bearish trend in Tron (TRXBTC) that commenced on April 30, 2018 has
progressed into a side trend best described in this Tron analysis as a rectangle bottom chart pattern.
Ellipses are drawn to indicate pivots used to establish the chart pattern. The rectangle bottom (ideally bullish) has been active for over 3 months now and does suggest the culmination of the previous trend, which would argue for a possible bullish upside in Tron (TRXBTC).
Price levels associated with the proposed rectangle bottom are also indicated and should be taken into consideration upon eventual breakout from the pattern. A close below 0.00000292 is used as the point of invalidation (POI) of this analysis.
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