Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 63450.61528 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 64664 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Southern Doji’ candle pattern is detected. The chart forms ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67516 |
| 2nd High | 64762.77 |
| Next High | 64664 |
| Current Price | 63727.070000000 |
| Next Low | 63418.66 |
| 2nd Low | 63400 |
| 3rd Low | 63045.29 |
64664 – 64762.77 – 64350 – 64214 – 63418.66 – 63400 —
64387.930000000 – 64019.380000000 —
45.160350741297 – 34.693083451366 —
– —
64664 – 1781433000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – – –