Technical analysis by Intuit about Symbol TRX: Buy recommendation (2/19/2025)

Based on the time similarity here, TRX has formed into a potential bullish diametric pattern. The breakout from this sleeping gator range should indicate the next trend. Momentum and wave structure is favoring upside from here, but a break down from the range could quickly change that. Above the green horizonal line is an early bullish confirmation, and below the red horizonal line is an early bearish confirmation.There's not really much clarity here with wave structure, and either of these counts could be right (but good chance that both are actually wrong). The most important signal here is to wait and see which direction we break from this range before taking a position.This has broken the first daily fractal above the sleeping gator, so there's a good chance we are beginning a new uptrend now.Based on this short-term zigzag, and the fact that a pullback tends to happen right after a confirmation, we'll likely see a dip back towards the 0.243-0.239 range. Assuming support continues to hold, that is likely going to be a better re-entry point.