Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.2592406 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.2629 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Harami’ candlestick pattern is found. The chart forms ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.278 |
| 2nd High | 0.272 |
| Next High | 0.2629 |
| Current Price | 0.260900000 |
| Next Low | 0.254700000 |
| 2nd Low | 0.2458 |
| 3rd Low |
0.2629 – 0.2601 – 0.2594 – 0.254700000 – 0.2458 – 0.2481 —
0.257600000 – 0.258800000 —
43.725335111826 – 57.172000050101 —
0.254700000 – 1773095400 —
0.2629 – 1773084600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Harami – – –