The combination Tron/Tether (TRX/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.3217 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.3236 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3323 |
| 2nd High | 0.3287 |
| Next High | 0.3236 |
| Current Price | 0.322200000 |
| Next Low | 0.3217 |
| 2nd Low | 0.3172 |
| 3rd Low | 0.3154 |
0.3236 – 0.3287 – 0.3265 – 0.3217 – 0.323 – 0.3241 —
0.323100000 – 0.323000000 —
46.402505072112 – 41.908441345285 —
– —
0.3236 – 1784307600
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –