Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 0.285682 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.2936 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami’ candle chart pattern is discovered. The chart shows ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3136 |
| 2nd High | 0.2963 |
| Next High | 0.2936 |
| Current Price | 0.290900000 |
| Next Low | 0.2621 |
| 2nd Low | 0.2585 |
| 3rd Low | 0.258 |
0.2936 – 0.2673 – 0.2816 – 0.2621 – 0.2585 – 0.258 —
0.290300000 – 0.291900000 —
65.478163719275 – 64.723206023664 —
– —
0.2936 – 1773648000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Harami – – –