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 0.9615 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.975 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Belt Hold’ chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.982 |
| 2nd High | 0.976 |
| Next High | 0.975 |
| Current Price | 0.963000000 |
| Next Low | 0.96 |
| 2nd Low | 0.949 |
| 3rd Low | 0.947 |
0.975 – 0.976 – 0.972 – 0.96 – 0.949 – 0.95 —
0.958000000 – 0.957000000 —
26.847103576528 – 48.002733352615 —
– —
0.975 – 1782036000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – – –