Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.29035 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.3027 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3319 |
| 2nd High | 0.305 |
| Next High | 0.3027 |
| Current Price | 0.295700000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.3027 – 0.305 – 0.3019 – 0.2817 – 0.2938 – 0.2934 —
0.300900000 – 0.299800000 —
56.020933854083 – 45.816243160316 —
– —
0.3027 – 1770177600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing – – –