And also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Tron/Tether (TRX/USDT) goes from the ascending trendline down.
A bearish trend down to the next support level at 0.2762 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.2804 could happen.
Consider stop-loss settings accordingly.
And also a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2876 |
| 2nd High | 0.2875 |
| Next High | 0.2804 |
| Current Price | 0.277200000 |
| Next Low | 0.2762 |
| 2nd Low | 0.2683 |
| 3rd Low |
0.2804 – 0.2796 – 0.2787 – 0.2762 – 0.2764 – 0.2762 —
0.278200000 – 0.278300000 —
48.25820426404 – 48.024853837179 —
– —
0.2804 – 1770692400
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –