TRX/USDT – 1H – SELL

The currency pair Tron/Tether (TRX/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.2824 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.2871 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.2871 – 0.2881 – 0.2836 – 0.2824 – 0.279 – 0.2802 —
0.285600000 – 0.287000000 —
61.727906711425 – 68.074314258707 —
– —
0.2871 – 1772744400

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – –