TRX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.2833 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.2873 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ” indicator layout is existing. The indicator shows ”. which is often a bearish signal. The pair is likely to go down.

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

Furthermore a ‘Last Engulfing Top’ chart pattern is found. The chart forms ‘Last Engulfing Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.2873 – 0.2871 – 0.2881 – 0.2833 – 0.2844 – 0.2824 —
0.285700000 – 0.286600000 —
75.365924528164 – 73.780392815248 —
– —
0.2873 – 1772802000

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