Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 8.558958 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 9.173000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 9.264000000 |
2nd High | 9.204000000 |
Next High | 9.173000000 |
Current Price | 8.539000000 |
Next Low | 8.367000000 |
2nd Low | 8.347000000 |
3rd Low | 8.023000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows