TRX: Is Another 'W' Pattern Forming?TRON / TetherUSBINANCE:TRXUSDTDukesMarketAnalysisDropping Down to the Daily Continuing from the weekly chart earlier, let's drop down to the daily. The shorter-term picture is starting to show some potentially bullish structure. Another 'W' Pattern Forming? TRX looks to be potentially forming another 'W' pattern, although it isn't confirmed just yet. The two recent lows at $0.3108 and $0.3144 have created the potential base of the pattern. $0.3342 Is the Level to Beat A clear break above the $0.3342 swing high would confirm the 'W' pattern and give TRX a bullish change of character. This level has already been tested recently, but the bulls are yet to get the break. 100/50-Day EMAs Remain Bullish The 100/50-day EMAs remain bullishly crossed, with price now climbing back above both averages. This adds further weight to the improving short-term structure. Momentum Improving The RSI has climbed back above 50, showing improving bullish momentum. However, the StochRSI is already overbought, so the bulls still have some work to do. Summary TRX is potentially forming another 'W' pattern on the daily chart, but confirmation still requires a clear break above $0.3342. The 100/50-day EMAs remain bullishly crossed, with price back above both averages, while the RSI has reclaimed 50. The StochRSI is already overbought, so for now, $0.3342 is the level to beat before the short-term structure takes on a more bullish look.