Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.0464924 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.051 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Harami’ candle chart pattern is detected. The chart forms ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.054 |
| 2nd High | 0.0512 |
| Next High | 0.051 |
| Current Price | 0.047600000 |
| Next Low | 0.0468 |
| 2nd Low | 0.0459 |
| 3rd Low | 0.0451 |
0.051 – 0.0482 – 0.0489 – 0.0479 – 0.0468 – 0.0459 —
0.048400000 – 0.047400000 —
41.308497624605 – 36.842657075357 —
– —
0.051 – 1772467200
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Harami – – –