TRX/USDT – 1H – SELL

The pair Tron/Tether (TRX/USDT) jumps from the bullish trendline downwards

A descent downwards to the next support line at 0.3242 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.3305 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.3265 – 0.3196 – 0.319 – 0.3242 – 0.3172 – 0.3154 —
0.325100000 – 0.330400000 —
54.232158677242 – 77.955708318711 —
– —
0.3265 – 1783170000

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Matching Low – – –