Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.199 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.23 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.239 |
| 2nd High | 0.234 |
| Next High | 0.23 |
| Current Price | 0.206000000 |
| Next Low | 0.199 |
| 2nd Low | 0.18 |
| 3rd Low |
0.23 – 0.229 – 0.234 – 0.199 – 0.213 – 0.213 —
0.208000000 – 0.213000000 —
38.694311029014 – 47.919041297334 —
– —
0.23 – 1771664400
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Black Crows – – –