Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 3.50326 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 4.294 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Inside Down’ candlestick chart pattern is detected. The candles form ‘Three Inside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4.588 |
| Next High | 4.294 |
| Current Price | 3.742000000 |
| Next Low | 3.259 |
| 2nd Low | 3.142 |
| 3rd Low | 2.845 |
4.294 – 3.56 – 3.403 – 3.259 – 3.309 – 3.275 —
3.844000000 – 3.784000000 —
39.781768465459 – 42.891735366169 —
– —
4.294 – 1772056800
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –