Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. 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 75923.5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 78333 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79186.81 |
| 2nd High | 79084.29 |
| Next High | 78333 |
| Current Price | 77185.890000000 |
| Next Low | 74529.4 |
| 2nd Low | 73580.85 |
| 3rd Low | 73514 |
78333 – 75534.76 – 75030.39 – 74529.4 – 73580.85 – 73514 —
77476.270000000 – 77420.080000000 —
57.989930643548 – 57.326611657685 —
– —
78333 – 1776441600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –