The currency pair Tron/Tether (TRX/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 0.3568 is certain.
Caution: A possible counter-trend in the direction of the support zone at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Bearish SBS White Lines’ candle pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3584 |
| 2nd High | 0.3578 |
| Next High | 0.3568 |
| Current Price | 0.356300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.3568 – 0.3578 – 0.3567 – 0.3541 – 0.3542 – 0.3554 —
0.356200000 – 0.356400000 —
57.865411555408 – 51.186923354684 —
– —
0.3568 – 1779197400
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – –