The currency pair Tron/Tether (TRX/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 0.323 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.3108 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3775 |
| 2nd High | 0.3526 |
| Next High | 0.323 |
| Current Price | 0.319900000 |
| Next Low | 0.3108 |
| 2nd Low | 0.3078 |
| 3rd Low | 0.3034 |
0.323 – 0.3526 – 0.3775 – 0.3108 – 0.3207 – 0.3227 —
0.320200000 – 0.317400000 —
47.24125513523 – 44.728380784257 —
– —
0.323 – 1781467200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –