Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.000565 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.00061 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Inside Down’ candlestick chart pattern is discovered. The candles show ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0007 |
| 2nd High | 0.00066 |
| Next High | 0.00061 |
| Current Price | 0.000579000 |
| Next Low | 0.00054 |
| 2nd Low | 0.00053 |
| 3rd Low | 0.00052 |
0.00061 – 0.00056 – 0.00057 – 0.00054 – 0.00053 – 0.00052 —
0.000588000 – 0.000592000 —
60.982432062404 – 57.966248502782 —
– —
0.00061 – 1777971600
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Inside Down – – –