Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0004 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.00043 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Harami’ chart pattern is discovered. The chart shows ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00047 |
| 2nd High | 0.00045 |
| Next High | 0.00043 |
| Current Price | 0.000404800 |
| Next Low | 0.0004 |
| 2nd Low | 0.00038 |
| 3rd Low | 0.00037 |
0.00043 – 0.00042 – 0.00042 – 0.00042 – 0.0004 – 0.0004 —
0.000407200 – 0.000410900 —
40.147567512671 – 45.313861034598 —
– —
0.00043 – 1784138400
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Harami – – –