Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 58.84 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 60.49 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Inside Down’ candle chart pattern is discovered. The chart forms ‘Three Inside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.02 |
| 2nd High | 61.17 |
| Next High | 60.49 |
| Current Price | 59.810000000 |
| Next Low | 59.35 |
| 2nd Low | 58.94 |
| 3rd Low | 56.51 |
60.49 – 61.17 – 59.73 – 59.35 – 58.94 – 59.46 —
59.950000000 – 60.290000000 —
48.353483946449 – 55.211286948456 —
– —
60.49 – 1770107400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –