Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart 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 considered certain. Current target is 68481.56 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 70351.46 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72026.09 |
| 2nd High | 71594.11 |
| Next High | 70351.46 |
| Current Price | 68811.000000000 |
| Next Low | 69163.86 |
| 2nd Low | 66680.57 |
| 3rd Low | 66611.66 |
70351.46 – 70283.32 – 69588 – 69163.86 – 66680.57 – 66611.66 —
69967.780000000 – 69665.230000000 —
61.36132985556 – 48.062189810623 —
– —
70351.46 – 1775493000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –