Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.3556 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.3647 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Harami’ candle chart pattern is found. The chart forms ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3739 |
| 2nd High | 0.3707 |
| Next High | 0.3647 |
| Current Price | 0.357000000 |
| Next Low | 0.355 |
| 2nd Low | 0.3476 |
| 3rd Low | 0.3465 |
0.3647 – 0.3636 – 0.3553 – 0.355 – 0.3476 – 0.349 —
0.363600000 – 0.358500000 —
57.903319262031 – 44.943173887742 —
– —
0.36470 – 1769599800
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Harami – – –