The currency pair Tron/Tether (TRX/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.3207 is expected.
Caution: A possible change in the direction of the resistance level at 0.323 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.324 |
| 2nd High | 0.3234 |
| Next High | 0.323 |
| Current Price | 0.315700000 |
| Next Low | 0.3207 |
| 2nd Low | 0.3198 |
| 3rd Low | 0.3192 |
0.323 – 0.3234 – 0.3231 – 0.3207 – 0.3214 – 0.3211 —
0.322600000 – 0.321600000 —
45.680484962429 – 33.298049612477 —
– —
0.323 – 1781172000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –