The currency pair Tron/Tether (TRX/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.2911 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.2801 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.
Also there is a ‘Bullish Separating Lines’ candle pattern is found. The chart forms ‘Bullish Separating Lines’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Separating Lines’ going up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.321 |
| 2nd High | 0.311 |
| Next High | 0.2911 |
| Current Price | 0.286500000 |
| Next Low | 0.2801 |
| 2nd Low | 0.2794 |
| 3rd Low | 0.2739 |
0.2911 – 0.2854 – 0.2804 – 0.2801 – 0.2794 – 0.2739 —
0.282600000 – 0.286500000 —
44.021622121349 – 50.898025804973 —
– —
0.2911 – 1771790400
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bullish Separating Lines – Symmetrical Triangle Chart Pattern – –