Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.02842 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.02994 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Matching Low’ candle pattern is existing. The candles form ‘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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03031 |
| 2nd High | 0.03029 |
| Next High | 0.02994 |
| Current Price | 0.028710000 |
| Next Low | 0.02842 |
| 2nd Low | 0.02813 |
| 3rd Low | 0.02646 |
0.02994 – 0.02944 – 0.02942 – 0.02842 – 0.02913 – 0.02916 —
0.028810000 – 0.028810000 —
44.964647588847 – 45.512267277736 —
– —
0.02994 – 1771000200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Matching Low – – –