TRXETH looks ready to follow through with this breakout that happened a few months ago. TRX has been outperforming during crypto market downturns this year so this will probably coincide with lower prices against USD for most cryptos. ETH will probably go under June lows while TRX remains relatively stable or possibly even goes up against USD. Long TRX/Short ETH is the best way to play this. River theory indicating TRXETH should get a big move up very soon. When ETH bottoms close the short end of the trade and stay long TRX.
I suspect that this move following the breakout will be at least 161.8% of the first move up which will put TRXETH right around the previous all time high.
I suspect that this move following the breakout will be at least 161.8% of the first move up which will put TRXETH right around the previous all time high.
