The currency pair Tron/Tether (TRX/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.3207 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.3234 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ” indicator layout is detected. The indicator shows ”. which is often a bearish chart signal. The currency pair is likely to fall.
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Additionally a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3281 |
| 2nd High | 0.324 |
| Next High | 0.3234 |
| Current Price | 0.315700000 |
| Next Low | 0.3207 |
| 2nd Low | 0.3198 |
| 3rd Low | 0.3192 |
0.3234 – 0.324 – 0.3281 – 0.3207 – 0.3211 – 0.3207 —
0.322400000 – 0.321900000 —
51.5472260535 – 40.582360438815 —
– —
0.3234 – 1781092800
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –