Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1747.8 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 3045.78 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3402.89 |
| 2nd High | 3368.82 |
| Next High | 3045.78 |
| Current Price | 2007.470000000 |
| Next Low | 1747.8 |
| 2nd Low | 1414.77 |
| 3rd Low |
3045.78 – 3368.82 – 3402.89 – 1747.8 – 2875.77 – 2866.11 —
2129.730000000 – 2147.730000000 —
51.363455177453 – 50.220347169923 —
– —
3045.78 – 1769601600
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – Double top chart pattern – –