The currency pair Tron/Tether (TRX/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance line at 0.3438 will persist.
Caution: A possible change in the direction of the support line at 0.3362 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.3438 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 0.3438 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.3438 |
| Current Price | 0.342000000 |
| Next Low | 0.3362 |
| 2nd Low | 0.3356 |
| 3rd Low | 0.3293 |
0.3417 – 0.3409 – 0.3399 – 0.3362 – 0.3375 – 0.3356 —
0.340700000 – 0.341400000 —
58.411589623484 – 54.469660902946 —
– —
0.3417 – 1777915800
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Up – – –