TRX/USDT – 30M – SELL

The pair Tron/Tether (TRX/USDT) goes from the descending trendline downwards

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

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

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.28525 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.2873 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.2873 – 0.2871 – 0.2881 – 0.2833 – 0.2844 – 0.2824 —
0.286400000 – 0.287100000 —
66.133809983899 – 72.64796263571 —
– —
0.2873 – 1772802000

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Down – – –