Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.043565 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.04508 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.04663 |
| 2nd High | 0.04567 |
| Next High | 0.04508 |
| Current Price | 0.044040000 |
| Next Low | 0.04205 |
| 2nd Low | 0.042 |
| 3rd Low | 0.04173 |
0.04508 – 0.04352 – 0.04369 – 0.04205 – 0.04312 – 0.04281 —
0.043400000 – 0.044820000 —
57.801669544333 – 71.646104512361 —
– —
0.04508 – 1783785600
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – – –