Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.9975 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.048 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.088 |
| 2nd High | 1.058 |
| Next High | 1.048 |
| Current Price | 1.012000000 |
| Next Low | 0.981 |
| 2nd Low | 0.947 |
| 3rd Low | 0.94 |
1.048 – 1.017 – 1.038 – 0.981 – 0.947 – 0.961 —
1.042000000 – 1.030000000 —
71.525526053478 – 59.631012206086 —
– —
1.048 – 1777609800
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Three Outside Down – – –