Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.028765 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.02887 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Harami’ chart pattern is discovered. The chart forms ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.02948 |
| 2nd High | 0.02896 |
| Next High | 0.02887 |
| Current Price | 0.028840000 |
| Next Low | 0.02875 |
| 2nd Low | 0.02857 |
| 3rd Low | 0.02842 |
0.02887 – 0.02896 – 0.02882 – 0.02875 – 0.02857 – 0.02861 —
0.028820000 – 0.028800000 —
47.664370859358 – 46.132975617784 —
– —
0.02887 – 1778308200
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Bearish Harami – – –