Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.026695 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.0275 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0285 |
| 2nd High | 0.02837 |
| Next High | 0.0275 |
| Current Price | 0.027060000 |
| Next Low | 0.026630000 |
| 2nd Low | 0.02589 |
| 3rd Low |
0.0275 – 0.02644 – 0.0263 – 0.026630000 – 0.02589 – 0.02609 —
0.026690000 – 0.027340000 —
42.708264702907 – 62.16756888095 —
0.026630000 – 1781589600 —
0.0275 – 1781535600
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –