Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Tron/Tether (TRX/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 0.3362 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.3417 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.3438 |
| Next High | 0.3417 |
| Current Price | 0.339200000 |
| Next Low | 0.3362 |
| 2nd Low | 0.3356 |
| 3rd Low | 0.3293 |
0.3417 – 0.3409 – 0.3399 – 0.3362 – 0.3375 – 0.3356 —
0.341300000 – 0.340700000 —
58.877757135139 – 47.302554087337 —
– —
0.3417 – 1777915800
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –