The currency pair Tron/Tether (TRX/USDT) moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.2793 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.2774 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish SBS White Lines’ candle chart pattern is found. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2875 |
| 2nd High | 0.2796 |
| Next High | 0.2793 |
| Current Price | 0.278700000 |
| Next Low | 0.2774 |
| 2nd Low | 0.2762 |
| 3rd Low | 0.2686 |
0.2793 – 0.2796 – 0.2787 – 0.2774 – 0.2762 – 0.2686 —
0.277300000 – 0.279000000 —
42.238281450393 – 52.212376097663 —
– —
0.2793 – 1770613200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish SBS White Lines – – –