The currency pair Tron/Tether (TRX/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.2875 will persist.
Caution: A possible change in the direction of the support level at 0.2795 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive 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 ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.2875 |
| Current Price | 0.285000000 |
| Next Low | 0.2795 |
| 2nd Low | 0.2762 |
| 3rd Low | 0.2686 |
0.2825 – 0.2805 – 0.2788 – 0.2795 – 0.2762 – 0.2774 —
0.283700000 – 0.284700000 —
75.984775950889 – 69.944619268897 —
– —
0.2825 – 1771020000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –