TRX/USDT – 4H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.29465 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.2875 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candle pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.321 |
| 2nd High | 0.311 |
| Next High | 0.2875 |
| Current Price | 0.280500000 |
| Next Low | 0.2739 |
| 2nd Low | 0.2683 |
| 3rd Low |
0.2804 – 0.2875 – 0.311 – 0.2739 – 0.2683 – 0.2952 —
0.280400000 – 0.284700000 —
53.165140278343 – 52.014222103143 —
– —
0.2804 – 1770681600
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bullish Engulfing – Double top retreat up – –