The combination Tron/Tether (TRX/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.3241 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.3287 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Last Engulfing Top’ candlestick pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3336 |
| 2nd High | 0.3323 |
| Next High | 0.3287 |
| Current Price | 0.324500000 |
| Next Low | 0.3241 |
| 2nd Low | 0.324 |
| 3rd Low | 0.3229 |
0.3287 – 0.3262 – 0.3265 – 0.3241 – 0.324 – 0.3295 —
0.324900000 – 0.325100000 —
29.934502238038 – 38.816749927149 —
– —
0.3287 – 1784111400
Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –