Additionally a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 2.431 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 2.559 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.904 |
| 2nd High | 2.624 |
| Next High | 2.559 |
| Current Price | 2.510000000 |
| Next Low | 2.401 |
| 2nd Low | 2.39 |
| 3rd Low | 2.255 |
2.559 – 2.624 – 2.473 – 2.401 – 2.39 – 2.255 —
2.554000000 – 2.573000000 —
68.993338484708 – 54.901000435553 —
– —
2.559 – 1781431200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – – –