The combination Tron/Tether (TRX/USDT) moves from the ascending trendline downwards
A descent down to the next support line at is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.3507 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3775 |
| 2nd High | 0.3543 |
| Next High | 0.3507 |
| Current Price | 0.350600000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.3507 – 0.3497 – 0.3543 – 0.3453 – 0.342 – 0.3399 —
0.349500000 – 0.352200000 —
63.303568170912 – 77.020326383408 —
– —
0.3507 – 1780218000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Down – – –