TRX/USDT – 1H – SELL

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.2878 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.292 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.292 – 0.2865 – 0.2909 – 0.2886 – 0.2836 – 0.2843 —
0.289200000 – 0.290600000 —
44.642306799067 – 61.604549516467 —
– —
0.292 – 1773273600

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