Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.000565 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.000603000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.00061 |
| Next High | 0.000603000 |
| Current Price | 0.000584000 |
| Next Low | 0.00057 |
| 2nd Low | 0.00054 |
| 3rd Low | 0.00053 |
0.000603000 – 0.00061 – 0.00056 – 0.00057 – 0.00054 – 0.00053 —
0.000603000 – 0.000594000 —
62.546913145801 – 54.57064583263 —
0.000603000 – 1778005800 —
– 1778005800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – – –