👊🏻TRX without 🔥star of the night

Greetings to the entire Tron Fan Club community. Today I'm reviewing the monthly TRX chart and see that the price
is at $0.2455, within an upward movement.

TRX within a bullish channel

We can see a bullish channel that started at 0.06, creating a large wave that has yet to end.
Given its length, it could be a "wave 3," which is known for its large size.
I think one last impulse is needed to begin a "wave 4."

The bullish force is evident

The Ichimoku indicator's "lag" is above the price and is also very far apart, indicating a clear bullish trend for TRX. If this were to change, the "lag" would have to approach the price and cross the price downwards.
The SuperTrend indicates an uptrend, so we must go with the trend.
The Bollinger Bands also show the price moving through the upper channel, seeking a higher price.
If the trend changes, the price will move through the lower Bollinger channel.
The four EMAs are aligned upwards: the 9, 20, 30, and 50 EMAs. This occurs when the movement is upward.
Otherwise, the EMAs would not be aligned.

Conclusion

I think TRX is far from collapsing because its upward movement is very strong, and there's no wear and tear in the price that would indicate distribution.
The whales are pushing the price up, but when they exit the market, the price will surely fall.
TRX looks very bullish in the coming months, and I hope it reaches new highs.
Time will tell what happens with TRX. Have a great day, and I'll see you soon.
None of this is investment advice; it's merely educational material. Only invest money you're willing to lose.