TRX parallel channel HH-LH pattern

Currently, TRX is engaged in trading within a parallel channel, characterized by a robust lower support line that has facilitated five instances of price recovery, and an upper resistance line from which TRX has retraced on four occasions. Notably, TRX has recently established local highs within its Higher-High and Lower-High pattern. The prevailing price action suggests that TRX is poised to interact with the lower support line of the parallel channel, a crucial juncture that is expected to dictate its forthcoming trend trajectory.