The combination moves from the ascending trendline down.
A bearish descent down to the next support at 0.007731000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.008274000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008871000 |
2nd High | 0.008427000 |
Next High | 0.008274000 |
Current Price | 0.008611000 |
Next Low | 0.007731000 |
2nd Low | 0.007436000 |
3rd Low | 0.006731000 |