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TRX positioned at the base of the weekly ascending channel, forming an inverted head-shoulder above the EMA 80, suggesting continuation of the movement with potential up to US$0.17

TRX is at the base of the bullish channel, with the previous top having broken as support, with Stochastic oversold, above the 80-period exponential moving average.Potential of 50% appreciation.

Bearish divergences in the RSI indicate a correction of around 15%, seeking to test the previous top near $30,500.It would also be a 0.618 Fibonacci zone on the daily chart since the rally that began on October 15th.

Megaphone pattern, indicating complete market indecision and volatility. High trading volume at the top, demonstrating possible exhaustion of the buying force.

Breaking the 0.618 Fibonacci ($5.19) level, high chances to retest the top of the previous move: $6.00 - $6.10.

Historically the crossover of the 34-period and 72-period weekly moving averages have represented BTC's majority bottom. Coincidentally (or not), it is also the point where the weekly RSI is below 30 points.A retest of $20,000 is increasingly likely to be the main resistance of the bearish cycle!

Historically the crossover of the 34-period and 72-period weekly moving averages have represented BTC's majority bottom. Coincidentally (or not), it is also the point where the weekly RSI is below 30 points.A retest of $20,000 is increasingly likely to be the main resistance of the bearish cycle!

Bitcoin chasing the weekly EMA 305, targeting near the all-time high of 2017 ($20,000).

The 305-period weekly moving average has already hit the Bitcoin majority bottom on at least 4 occasions. Coincidentally (or not), it is currently lining up to the all-time high of 2017 ($20,000).

Bitcoin entering the accumulation zone (green zone), according to the mathematical model of logarithmic curves. Possible supports at $32,200, $27,600, $23,700 and $21,500.