And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.3270474 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.3318 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Inside Down’ chart pattern is existing. The candles show ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3358 |
| 2nd High | 0.3342 |
| Next High | 0.3318 |
| Current Price | 0.329100000 |
| Next Low | 0.3251 |
| 2nd Low | 0.3219 |
| 3rd Low | 0.3195 |
0.3281 – 0.3318 – 0.3298 – 0.3251 – 0.3287 – 0.3284 —
0.327700000 – 0.330500000 —
47.176139947592 – 70.918582296015 —
– —
0.3281 – 1782340200
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Three Inside Down – – –