Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.
Furthermore a ‘StochOSC Bearish Divergence’ indicator signal is found. The indicator shows ‘StochOSC Bearish Divergence’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 2.38494 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 2.55 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Inside Down’ candlestick pattern is found. The chart shows ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.737 |
| 2nd High | 2.572 |
| Next High | 2.55 |
| Current Price | 2.433000000 |
| Next Low | 2.34 |
| 2nd Low | 2.274 |
| 3rd Low | 2.104 |
2.423 – 2.55 – 2.432 – 2.34 – 2.358 – 2.357 —
2.436000000 – 2.476000000 —
60.329440694666 – 62.344830550252 —
– —
2.423 – 1772524800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –