Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.798 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.909 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.949 |
| 2nd High | 0.93 |
| Next High | 0.909 |
| Current Price | 0.823000000 |
| Next Low | 0.798 |
| 2nd Low | |
| 3rd Low |
0.909 – 0.888 – 0.874 – 0.798 – 0.845 – 0.838 —
0.817000000 – 0.829000000 —
36.680996251532 – 50.796379444699 —
– —
0.909 – 1771664400
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Three Outside Down – – –