Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.02656 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 2.173 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.261 |
| 2nd High | 2.187 |
| Next High | 2.173 |
| Current Price | 2.074000000 |
| Next Low | 1.99 |
| 2nd Low | 1.977 |
| 3rd Low | 1.959 |
2.173 – 2.187 – 2.057 – 2.086 – 1.99 – 1.977 —
2.132000000 – 2.112000000 —
51.246342015355 – 47.050758101249 —
– —
2.173 – 1781400600
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –