Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.2808968 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.2892 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Harami’ candlestick pattern is discovered. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3319 |
| 2nd High | 0.305 |
| Next High | 0.2892 |
| Current Price | 0.286500000 |
| Next Low | 0.2769 |
| 2nd Low | 0.2575 |
| 3rd Low | 0.2504 |
0.2892 – 0.2696 – 0.2634 – 0.2769 – 0.2575 – 0.2504 —
0.284000000 – 0.286100000 —
54.243989310847 – 56.070345355098 —
– —
0.2892 – 1771246800
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Harami – – –