The combination Tron/Tether (TRX/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support at 0.3242 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.3305 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3342 |
| 2nd High | 0.3318 |
| Next High | 0.3305 |
| Current Price | 0.328300000 |
| Next Low | 0.3242 |
| 2nd Low | 0.3172 |
| 3rd Low | 0.3154 |
0.3265 – 0.3196 – 0.319 – 0.3242 – 0.3172 – 0.3154 —
0.325100000 – 0.330400000 —
54.232158677242 – 77.955708318711 —
– —
0.3265 – 1783170000
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Matching Low – – –