The pair Tron/Tether (TRX/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.318 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 0.3128 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Outside Up’ candlestick chart pattern is detected. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3244 |
| 2nd High | 0.3217 |
| Next High | 0.318 |
| Current Price | 0.317800000 |
| Next Low | 0.3128 |
| 2nd Low | 0.311 |
| 3rd Low | 0.3078 |
0.318 – 0.3166 – 0.3163 – 0.3128 – 0.313 – 0.3144 —
0.317900000 – 0.317700000 —
73.538062387885 – 63.406058841243 —
– —
0.318 – 1775293200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Outside Up – – –