TRX/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.3207 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.3281 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.3281 – 0.3326 – 0.3358 – 0.3207 – 0.3227 – 0.3264 —
0.323300000 – 0.323600000 —
38.717116912707 – 46.678591365796 —
– —
0.3281 – 1780916400

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –