Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.228056 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 1.334 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.416 |
| 2nd High | 1.412 |
| Next High | 1.334 |
| Current Price | 1.286000000 |
| Next Low | 1.245 |
| 2nd Low | 1.17 |
| 3rd Low | 1.112 |
1.334 – 1.412 – 1.416 – 1.245 – 1.341 – 1.318 —
1.326000000 – 1.300000000 —
51.410638632053 – 49.422165722791 —
– —
1.334 – 1772699400
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – – –