And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish 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 likely expected. Current target is 55.865 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 56.72 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 57.42 |
| 2nd High | 56.76 |
| Next High | 56.72 |
| Current Price | 56.280000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
56.72 – 56.76 – 56.27 – 56.34 – 55.75 – 55.12 —
56.400000000 – 56.530000000 —
46.001613882186 – 48.192347635334 —
– —
56.72 – 1777089600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –