Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.157 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.1619 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Harami’ candle pattern is found. The chart forms ‘Bearish Harami’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1663 |
| 2nd High | 0.1648 |
| Next High | 0.1619 |
| Current Price | 0.158800000 |
| Next Low | 0.1562 |
| 2nd Low | 0.1544 |
| 3rd Low | 0.1521 |
0.1619 – 0.16 – 0.156 – 0.1562 – 0.1544 – 0.156 —
0.158200000 – 0.158500000 —
45.641685430197 – 53.823305051547 —
– —
0.1619 – 1781276400
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Harami – – –