TRX/USDT – 30M – SELL

The combination Tron/Tether (TRX/USDT) jumps from the descending trendline down.

A continuation of the downtrend down to the next support at 0.3195 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.3305 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Tweezers Top’ candle pattern is detected. The chart forms ‘Tweezers Top’. 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 chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.3305 – 0.3281 – 0.3318 – 0.3214 – 0.3225 – 0.3251 —
0.322300000 – 0.320000000 —
38.002558071014 – 34.86152844967 —
– —
0.3305 – 1782365400

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Tweezers Top – – –