The pair Tron/Tether (TRX/USDT) goes from the ascending trendline downwards
A descent down to the next support line at 0.2795 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.2825 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2876 |
| 2nd High | 0.2875 |
| Next High | 0.2825 |
| Current Price | 0.284300000 |
| Next Low | 0.2795 |
| 2nd Low | 0.2769 |
| 3rd Low | 0.2762 |
0.2825 – 0.2805 – 0.2797 – 0.2795 – 0.2769 – 0.2762 —
0.281900000 – 0.285200000 —
63.967563896568 – 80.009876429547 —
– —
0.2825 – 1771020000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –