Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 75719.9 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 84621.16 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88500 |
| 2nd High | 84737.69 |
| Next High | 84621.16 |
| Current Price | 78834.310000000 |
| Next Low | 75719.9 |
| 2nd Low | 74620 |
| 3rd Low | 74508 |
84621.16 – 84737.69 – 88500 – 75719.9 – 82560.75 – 81871.37 —
78094.470000000 – 79424.000000000 —
18.804608190681 – 42.150469182811 —
– —
84621.16000 – 1769801400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –