Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.3375 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.365 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Harami’ chart pattern is existing. The candles show ‘Bearish Harami’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.422 |
| 2nd High | 1.378 |
| Next High | 1.365 |
| Current Price | 1.347000000 |
| Next Low | 1.325 |
| 2nd Low | 1.297 |
| 3rd Low | 1.278 |
1.365 – 1.378 – 1.316 – 1.325 – 1.297 – 1.315 —
1.353000000 – 1.352000000 —
54.181060884456 – 55.176384987648 —
– —
1.365 – 1773577800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Harami – – –