TRX/USDT – 30M – SELL

The pair Tron/Tether (TRX/USDT) goes from the ascending trendline downwards

A descending movement downwards to the next support at 0.3055 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.3121 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.3121 – 0.3109 – 0.3106 – 0.3055 – 0.3082 – 0.3034 —
0.310200000 – 0.313900000 —
63.143471903893 – 80.725331931074 —
– —
0.3121 – 1774355400

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish Engulfing – – –