Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. 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 is considered certain. Target of the current trend is 1.261 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.303 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.334 |
| 2nd High | 1.333 |
| Next High | 1.303 |
| Current Price | 1.296000000 |
| Next Low | 1.268 |
| 2nd Low | 1.267 |
| 3rd Low | 1.217 |
1.303 – 1.333 – 1.318 – 1.268 – 1.267 – 1.217 —
1.288000000 – 1.317000000 —
50.276156225794 – 61.415005104747 —
– —
1.303 – 1773190800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –