In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.030335 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.03083 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0312 |
| 2nd High | 0.03107 |
| Next High | 0.03083 |
| Current Price | 0.030470000 |
| Next Low | 0.03029 |
| 2nd Low | 0.03023 |
| 3rd Low | 0.02984 |
0.03054 – 0.03083 – 0.03036 – 0.03029 – 0.03023 – 0.02984 —
0.030480000 – 0.030630000 —
57.734136645008 – 68.17547398566 —
– —
0.03054 – 1774335600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Two Crows – – –