TRX/USDT – 1H – BUYThe currency pair Tron/Tether (TRX/USDT) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 0.2909 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.2833 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Belt Hold’ chart pattern is detected. The candles show ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.2911 |
| Next High | 0.2909 |
| Current Price | 0.285400000 |
| Next Low | 0.2833 |
| 2nd Low | 0.2824 |
| 3rd Low | 0.279 |
0.2909 – 0.2873 – 0.2871 – 0.2858 – 0.2833 – 0.2824 —
0.289100000 – 0.285400000 —
49.840734750652 – 32.24068900025 —
– —
0.2909 – 1773025200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bullish Belt Hold – – –