Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.2857036 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.2873 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.2896 |
| Next High | 0.2873 |
| Current Price | 0.286500000 |
| Next Low | 0.2849 |
| 2nd Low | 0.2846 |
| 3rd Low | 0.2845 |
0.2865 – 0.2873 – 0.2896 – 0.2849 – 0.2846 – 0.2874 —
0.285500000 – 0.287000000 —
47.575447747076 – 59.992046229341 —
– —
0.2865 – 1772046000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –