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 0.000425 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.00045 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Harami’ candlestick pattern is detected. The candles show ‘Bearish Harami’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0005 |
| 2nd High | 0.00046 |
| Next High | 0.00045 |
| Current Price | 0.000435000 |
| Next Low | 0.00042 |
| 2nd Low | 0.0004 |
| 3rd Low | 0.00039 |
0.00045 – 0.00044 – 0.00042 – 0.00042 – 0.0004 – 0.0004 —
0.000434000 – 0.000437000 —
43.783558970777 – 52.055695929381 —
– —
0.00045 – 1781199000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Harami – – –