And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 627.305 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 634 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Collapsing Doji Star’ candle pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 639.81 |
| 2nd High | 639 |
| Next High | 634 |
| Current Price | 631.890000000 |
| Next Low | 627.81 |
| 2nd Low | 622.58 |
| 3rd Low | 615.61 |
634 – 639 – 621.81 – 627.81 – 622.58 – 623.48 —
630.270000000 – 634.050000000 —
51.784961664282 – 65.351973648525 —
– —
634 – 1777986000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Collapsing Doji Star – – –