The pair Tron/Tether (TRX/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.3157 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.3171 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3197 |
| 2nd High | 0.3186 |
| Next High | 0.3171 |
| Current Price | 0.316200000 |
| Next Low | 0.3157 |
| 2nd Low | 0.3128 |
| 3rd Low | 0.311 |
0.3171 – 0.3186 – 0.3197 – 0.3157 – 0.3169 – 0.3185 —
0.316500000 – 0.316700000 —
41.90180596463 – 50.937041872852 —
– —
0.3171 – 1775518200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Matching Low – – –