Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.2629 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.2788 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2963 |
| 2nd High | 0.2955 |
| Next High | 0.2788 |
| Current Price | 0.270400000 |
| Next Low | 0.2596 |
| 2nd Low | 0.247 |
| 3rd Low | 0.2383 |
0.2788 – 0.2704 – 0.2731 – 0.2596 – 0.2632 – 0.247 —
0.271500000 – 0.272800000 —
44.94773871349 – 51.870085379039 —
– —
0.2788 – 1778274000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –