The combination Tron/Tether (TRX/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support at 0.3242 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.3305 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3342 |
| 2nd High | 0.3318 |
| Next High | 0.3305 |
| Current Price | 0.328300000 |
| Next Low | 0.3242 |
| 2nd Low | 0.3229 |
| 3rd Low | 0.3172 |
0.3265 – 0.3265 – 0.3244 – 0.3242 – 0.3229 – 0.3172 —
0.329600000 – 0.329900000 —
83.828789274306 – 77.788097214677 —
– —
0.3265 – 1783195200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Down – – –