Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.31945 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.3226 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Separating Lines’ chart pattern is existing. The chart shows ‘Bearish Separating Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3234 |
| 2nd High | 0.323 |
| Next High | 0.3226 |
| Current Price | 0.320400000 |
| Next Low | 0.3202 |
| 2nd Low | 0.3196 |
| 3rd Low | 0.3163 |
0.3226 – 0.3223 – 0.3183 – 0.3202 – 0.3196 – 0.3163 —
0.320700000 – 0.321300000 —
46.138017265486 – 48.356423104689 —
– —
0.3226 – 1781740800
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish Separating Lines – – –