Additionally a ‘Double bottom retreat down’ chart pattern is detected. The formation shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.002013 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.002044000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002490000 |
| 2nd High | 0.002082000 |
| Next High | 0.002044000 |
| Current Price | 0.002035000 |
| Next Low | 0.001944000 |
| 2nd Low | 0.001931000 |
| 3rd Low | 0.001704000 |
0.002044000 – 0.002082000 – 0.002029000 – 0.001944000 – 0.001969000 – 0.001950000 — 62.626499575897 – 56.356577583634
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – – Double bottom retreat down – –