TRX/USDT – 30M – SELL

The pair Tron/Tether (TRX/USDT) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 0.3294 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.3341 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.3294 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.3341 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.3341 – 0.3432 – 0.3526 – 0.3294 – 0.3396 – 0.3453 —
0.332400000 – 0.335800000 —
40.20332289436 – 61.77412936381 —
– —
0.3341 – 1780468200

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