Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.0005307 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.00056 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00058 |
| 2nd High | 0.00057 |
| Next High | 0.00056 |
| Current Price | 0.000542000 |
| Next Low | 0.00053 |
| 2nd Low | 0.00052 |
| 3rd Low | 0.00051 |
0.00056 – 0.00057 – 0.00053 – 0.00053 – 0.00052 – 0.00053 —
0.000547000 – 0.000547000 —
48.11118989641 – 55.940166074053 —
– —
0.00056 – 1777869000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – – –