Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 2.449 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 2.615 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.661 |
| 2nd High | 2.63 |
| Next High | 2.615 |
| Current Price | 2.483000000 |
| Next Low | 2.469 |
| 2nd Low | 2.449 |
| 3rd Low | 2.353 |
2.615 – 2.58 – 2.63 – 2.469 – 2.449 – 2.477 —
2.472000000 – 2.497000000 —
32.245596177266 – 50.776089392878 —
– —
2.615 – 1779148800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –