$TRB analysis with diffrent patterns and indicators
1. *Breakout:* TRB broke a 17-day range on May 1st, 2024, indicating institutional interest.
2. *Double Bottom:* A double bottom formation confirmed the $44 price level as a support level.
3. *Elliott Wave:* #trb is in the third wave of an Elliott wave expansion, potentially heading towards a fourth corrective wave.
4. *Range:* The current range is between $114 (buy) and $148 (sell), favoring an uptrend.
5. *Consolidation:* Price consolidation is expected for approximately 160 candles, with potential fakeouts and buying opportunities between $100 and $114.
6. *Liquidity:* Liquidity will be generated at daily and monthly maxima zones around $149, heading towards the quantum indicator's "boss zone" at $180.
7. *Correlation:* The GF1 Quantum indicator shows a correlation below 50% with BTC and 61.5% with dominance, indicating that BTC dominance currently has more influence on TRB.
8. *Recommendation:* Work the range, buying at the base ($114) and selling at the high ($142). Be prepared for potential short-term corrections.