TRX/USDT – 1H – SELLThe combination Tron/Tether (TRX/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.2795 will persist.
Caution: A possible change in the direction of resistance at 0.282500000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Identical 3 Crows’ candlestick pattern is discovered. The chart shows ‘Identical 3 Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Identical 3 Crows’ heading down is 79% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.2854 |
| Next High | 0.282500000 |
| Current Price | 0.281400000 |
| Next Low | 0.2795 |
| 2nd Low | 0.2769 |
| 3rd Low | 0.2762 |
0.282500000 – 0.2854 – 0.2825 – 0.2795 – 0.2795 – 0.2769 —
0.282500000 – 0.282200000 —
51.973165879134 – 45.485294717458 —
0.282500000 – 1771366500 —
– 1771366500
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Identical 3 Crows – – –