TRX/USDT – 30M – SELL

The combination Tron/Tether (TRX/USDT) jumps from the ascending trendline down.

A bearish trend down to the next support at 0.3155 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.3185 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ” indicator signal is existing. The indicator shows ”. this is usually a bearish signal. The currency pair is likely to fall.

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Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.3168522 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.3185 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.3185 – 0.3179 – 0.3158 – 0.3155 – 0.3148 – 0.312 —
0.317400000 – 0.318200000 —
63.221773774155 – 74.188632291004 —
– —
0.3185 – 1781384400

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –