There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. 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 1.396 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.547 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.547 |
| Current Price | 1.459000000 |
| Next Low | 1.265 |
| 2nd Low | 1.245 |
| 3rd Low | 1.221 |
1.547 – 1.288 – 1.312 – 1.265 – 1.245 – 1.262 —
1.483000000 – 1.489000000 —
53.014856924387 – 54.697813453284 —
– —
1.547 – 1778101200
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –