The pair Tron/Tether (TRX/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.2875 is certain.
Caution: A possible trend reversal in the direction of the support line at 0.2769 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.2876 |
| Next High | 0.2875 |
| Current Price | 0.280800000 |
| Next Low | 0.2769 |
| 2nd Low | 0.2762 |
| 3rd Low | 0.2683 |
0.2805 – 0.2797 – 0.2788 – 0.2769 – 0.2762 – 0.2762 —
0.282400000 – 0.280700000 —
74.286311415601 – 52.967533755098 —
– —
0.2805 – 1770944400
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Up – Inverse Head and Shoulder chart pattern – –