Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish 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 will continue. Target of the current trend is 0.000455 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.00047 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00051 |
| 2nd High | 0.00049 |
| Next High | 0.00047 |
| Current Price | 0.000467000 |
| Next Low | 0.00045 |
| 2nd Low | 0.00042 |
| 3rd Low | 0.0004 |
0.00047 – 0.00049 – 0.00044 – 0.00045 – 0.00045 – 0.00042 —
0.000468000 – 0.000477000 —
53.037306340011 – 61.98083669347 —
– —
0.00047 – 1781596800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – – –