And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 2.462 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 2.529 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.737 |
| 2nd High | 2.643 |
| Next High | 2.529 |
| Current Price | 2.489000000 |
| Next Low | 2.444 |
| 2nd Low | 2.395 |
| 3rd Low | 2.383 |
2.529 – 2.517 – 2.527 – 2.444 – 2.465 – 2.395 —
2.471000000 – 2.510000000 —
44.122965906344 – 55.183546980139 —
– —
2.529 – 1773084600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Down – – –