There is also a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 63737.51008 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 66600 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 68245 |
| 2nd High | 67751.44 |
| Next High | 66600 |
| Current Price | 64882.760000000 |
| Next Low | 62510.28 |
| 2nd Low | 60000 |
| 3rd Low |
64743.11 – 66600 – 67751.44 – 62510.28 – 62700.8 – 63888.79 —
66300.000000000 – 65650.000000000 —
76.553414542792 – 61.499885174255 —
– —
64743.11 – 1771959600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –