Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 2.455 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 2.517 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.643 |
| 2nd High | 2.527 |
| Next High | 2.517 |
| Current Price | 2.479000000 |
| Next Low | 2.465 |
| 2nd Low | 2.395 |
| 3rd Low | 2.383 |
2.517 – 2.527 – 2.474 – 2.465 – 2.395 – 2.415 —
2.515000000 – 2.492000000 —
56.820167230754 – 51.599139482832 —
– —
2.517 – 1773059400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – – –