The currency pair Tron/Tether (TRX/USDT) jumps from the ascending trendline down.
A descending movement down to the next support at 0.3242 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.3305 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going 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 – – –