And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 67422.83314 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 73558.15 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76971.52 |
| 2nd High | 74050 |
| Next High | 73558.15 |
| Current Price | 69721.580000000 |
| Next Low | 65618.49 |
| 2nd Low | 65259.21 |
| 3rd Low | 65056 |
68200 – 73558.15 – 74050 – 65618.49 – 66547.15 – 67446.41 —
70926.460000000 – 70350.000000000 —
54.545158059754 – 52.601790077462 —
– —
68200 – 1772964000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –