The combination Tron/Tether (TRX/USDT) moves from the bullish trendline down.
A bearish trend down to the next support at 0.2795 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.2875 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.2875 |
| Current Price | 0.284300000 |
| Next Low | 0.2795 |
| 2nd Low | 0.2762 |
| 3rd Low | 0.2686 |
0.2825 – 0.2805 – 0.2788 – 0.2795 – 0.2762 – 0.2774 —
0.283400000 – 0.285300000 —
72.236716707305 – 84.825393931027 —
– —
0.2825 – 1771020000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –