The combination Tron/Tether (TRX/USDT) moves from the ascending trendline down.
A bearish movement down to the next support at 0.279 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.2911 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.321 |
| 2nd High | 0.311 |
| Next High | 0.2911 |
| Current Price | 0.285200000 |
| Next Low | 0.279 |
| 2nd Low | 0.2783 |
| 3rd Low | 0.2739 |
0.2881 – 0.2876 – 0.2911 – 0.279 – 0.2783 – 0.2801 —
0.286900000 – 0.290900000 —
60.318005034562 – 68.825213177206 —
– —
0.2881 – 1772668800
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Down – – –