The pair Tron/Tether (TRX/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.2783 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.2876 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.311 |
| 2nd High | 0.2911 |
| Next High | 0.2876 |
| Current Price | 0.280800000 |
| Next Low | 0.2783 |
| 2nd Low | 0.2739 |
| 3rd Low | 0.2683 |
0.2876 – 0.2911 – 0.2854 – 0.2783 – 0.2801 – 0.2794 —
0.281900000 – 0.283200000 —
43.10166374393 – 48.286870601019 —
– —
0.2876 – 1772078400
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Black Crows – – –