TRX/USDT – 4H – BUY

The currency pair Tron/Tether (TRX/USDT) breaks through the descending trendline up.

A bullish ascent up to the next resistance at 0.2876 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.2880792 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.2876 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.2876 – 0.2911 – 0.2854 – 0.279 – 0.2783 – 0.2801 —
0.286100000 – 0.283200000 —
66.356138417493 – 47.263142850238 —
– —
0.2876 – 1772078400

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Up – – –