Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.668308 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.685 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.694 |
| 2nd High | 0.693 |
| Next High | 0.685 |
| Current Price | 0.677000000 |
| Next Low | 0.636 |
| 2nd Low | 0.633 |
| 3rd Low | 0.619 |
0.685 – 0.671 – 0.659 – 0.636 – 0.633 – 0.619 —
0.659000000 – 0.656000000 —
36.614215163122 – 42.818385374153 —
– —
0.685 – 1781362800
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Tweezers Top – – –