Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.958 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 2.085 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.108 |
| 2nd High | 2.087 |
| Next High | 2.085 |
| Current Price | 1.963000000 |
| Next Low | 1.958 |
| 2nd Low | 1.877 |
| 3rd Low | 1.857 |
2.085 – 2.087 – 2.108 – 1.958 – 2.008 – 2.033 —
1.993000000 – 1.998000000 —
38.884105861095 – 45.183891838621 —
– —
2.085 – 1784208600
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –