And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1653.74 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 1697.28 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1721.93 |
| 2nd High | 1714.5 |
| Next High | 1697.28 |
| Current Price | 1659.940000000 |
| Next Low | 1659.02 |
| 2nd Low | 1653.74 |
| 3rd Low | 1652.09 |
1697.28 – 1686.56 – 1675.9 – 1671.44 – 1662.2 – 1659.02 —
1669.150000000 – 1666.220000000 —
35.711990906522 – 41.466589657176 —
– —
1697.28 – 1781386200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – – –