TRX/USDT – 1H – SELL

The pair Tron/Tether (TRX/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.2833 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.2873 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.2873 – 0.2871 – 0.2881 – 0.2833 – 0.2824 – 0.279 —
0.287100000 – 0.286800000 —
63.752559187485 – 62.663229769037 —
– —
0.2873 – 1772802000

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish Belt Hold – – –