Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.509 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.592 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.692 |
| 2nd High | 1.622 |
| Next High | 1.592 |
| Current Price | 1.540000000 |
| Next Low | 1.509 |
| 2nd Low | 1.504 |
| 3rd Low | 1.451 |
1.592 – 1.622 – 1.615 – 1.509 – 1.539 – 1.556 —
1.526000000 – 1.560000000 —
32.425112275101 – 47.933095589542 —
– —
1.592 – 1778747400
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Black Crows – – –