The currency pair Tron/Tether (TRX/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.2795 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.2825 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2875 |
| 2nd High | 0.2854 |
| Next High | 0.2825 |
| Current Price | 0.280900000 |
| Next Low | 0.2795 |
| 2nd Low | 0.2762 |
| 3rd Low | 0.2686 |
0.2825 – 0.2854 – 0.2825 – 0.2795 – 0.2795 – 0.2762 —
0.282100000 – 0.281800000 —
55.060049521155 – 44.946978780113 —
– —
0.2825 – 1771367400
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Black Crows – Double bottom retreat down – –