And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 470.8 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 506.4 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 586.2 |
| 2nd High | 546.6 |
| Next High | 506.4 |
| Current Price | 490.400000000 |
| Next Low | 470.8 |
| 2nd Low | 423 |
| 3rd Low |
506.4 – 494.8 – 546.6 – 470.8 – 487.3 – 536.4 —
501.100000000 – 498.100000000 —
69.556144043629 – 57.800949142719 —
– —
506.4 – 1771981200
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –