The combination Tron/Tether (TRX/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.2833 will continue.
Caution: A possible change in the direction of the resistance level at 0.2873 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2896 |
| 2nd High | 0.2881 |
| Next High | 0.2873 |
| Current Price | 0.286300000 |
| Next Low | 0.2833 |
| 2nd Low | 0.2824 |
| 3rd Low | 0.279 |
0.2873 – 0.2871 – 0.2881 – 0.2833 – 0.2844 – 0.2824 —
0.286800000 – 0.286600000 —
70.614152251236 – 57.25540501916 —
– —
0.2873 – 1772802000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish Engulfing – – –