Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.440772 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.566 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. 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 | 1.896 |
| 2nd High | 1.576 |
| Next High | 1.566 |
| Current Price | 1.453000000 |
| Next Low | 1.431 |
| 2nd Low | 1.399 |
| 3rd Low | 0.633 |
1.566 – 1.576 – 1.536 – 1.431 – 1.509 – 1.452 —
1.519000000 – 1.504000000 —
47.744802995858 – 45.229482881315 —
– —
1.566 – 1770148800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern – –