Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 643.58 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 666.16 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Harami’ candlestick pattern is detected. The candles show ‘Bearish Harami’. this 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 | 669.65 |
| 2nd High | 668.57 |
| Next High | 666.16 |
| Current Price | 654.030000000 |
| Next Low | 626.2 |
| 2nd Low | 621 |
| 3rd Low | 612.96 |
666.16 – 638.92 – 643.29 – 626.2 – 628.43 – 621 —
662.470000000 – 657.810000000 —
63.194381071162 – 42.391245365426 —
– —
666.16 – 1772650800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Harami – – –