Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 68697.745 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 71321 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 73558.15 |
| 2nd High | 71777 |
| Next High | 71321 |
| Current Price | 70191.860000000 |
| Next Low | 68977.91 |
| 2nd Low | 65618.49 |
| 3rd Low | 65259.21 |
71321 – 70281.87 – 71777 – 68977.91 – 69452.42 – 69266.06 —
70631.890000000 – 70526.850000000 —
55.022614928641 – 50.211164396288 —
– —
71321 – 1773250200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –