The combination Tron/Tether (TRX/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 0.3438 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.3362 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
There is also a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.3438 |
| Current Price | 0.343700000 |
| Next Low | 0.3362 |
| 2nd Low | 0.3293 |
| 3rd Low | 0.3253 |
0.342 – 0.3438 – 0.3343 – 0.3362 – 0.3293 – 0.3253 —
0.341000000 – 0.341300000 —
56.472872366669 – 55.85561900336 —
– —
0.342 – 1777939200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –