Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.2458 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.285 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3647 |
| 2nd High | 0.3136 |
| Next High | 0.285 |
| Current Price | 0.257500000 |
| Next Low | 0.2458 |
| 2nd Low | 0.2205 |
| 3rd Low |
0.285 – 0.3136 – 0.2938 – 0.2458 – 0.2584 – 0.2594 —
0.262900000 – 0.264500000 —
49.439332094242 – 51.351468396676 —
– —
0.285 – 1772640000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –