TRX/USDT – 4H – BUYThe currency pair Tron/Tether (TRX/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 0.2804 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.273900000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The candles form ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.311 |
| 2nd High | 0.2875 |
| Next High | 0.2804 |
| Current Price | 0.278000000 |
| Next Low | 0.273900000 |
| 2nd Low | 0.2683 |
| 3rd Low |
0.2804 – 0.2875 – 0.311 – 0.273900000 – 0.2683 – 0.2952 —
0.275100000 – 0.278700000 —
36.49360991119 – 49.471771617628 —
0.273900000 – 1770796800 —
0.2804 – 1770681600
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish SBS White Lines – – –