Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 56.33 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 57.9 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59 |
| 2nd High | 58.71 |
| Next High | 57.9 |
| Current Price | 56.880000000 |
| Next Low | 56.17 |
| 2nd Low | 54.76 |
| 3rd Low | 54.35 |
57.9 – 55.92 – 56.43 – 56.17 – 54.76 – 54.95 —
56.920000000 – 57.390000000 —
52.270742011163 – 60.27504431843 —
– —
57.9 – 1778056200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –