The combination Tron/Tether (TRX/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 0.323 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.312 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Latter Bottom’ candle chart pattern is discovered. The candles show ‘Latter Bottom’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.324 |
| 2nd High | 0.3234 |
| Next High | 0.323 |
| Current Price | 0.315600000 |
| Next Low | 0.312 |
| 2nd Low | 0.3108 |
| 3rd Low | 0.3078 |
0.323 – 0.3234 – 0.324 – 0.312 – 0.3108 – 0.3207 —
0.315200000 – 0.315800000 —
48.688750297765 – 49.976872844923 —
– —
0.323 – 1781172000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Latter Bottom – Rising Wedge Chart Pattern – –