The currency pair Tron/Tether (TRX/USDT) moves from the descending trendline up.
An ascent up to the next resistance at 0.3239 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.3172 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Above the Stomach’ candlestick chart pattern is found. The candles show ‘Above the Stomach’. 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 likelyhood of ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3323 |
| 2nd High | 0.3287 |
| Next High | 0.3239 |
| Current Price | 0.322700000 |
| Next Low | 0.3172 |
| 2nd Low | 0.3154 |
| 3rd Low | 0.3144 |
0.3239 – 0.3287 – 0.3262 – 0.323 – 0.3241 – 0.324 —
0.322100000 – 0.322400000 —
28.35593141814 – 44.290007127188 —
– —
0.3239 – 1784250000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Above the Stomach – – –