And also a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.261 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.323 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.334 |
| 2nd High | 1.333 |
| Next High | 1.323 |
| Current Price | 1.285000000 |
| Next Low | 1.267 |
| 2nd Low | 1.217 |
| 3rd Low | 1.189 |
1.323 – 1.333 – 1.282 – 1.267 – 1.217 – 1.189 —
1.306000000 – 1.307000000 —
52.950567933752 – 58.568463074372 —
– —
1.323 – 1773234000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –