In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.243 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 2.281 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.46 |
| 2nd High | 2.309 |
| Next High | 2.281 |
| Current Price | 2.276000000 |
| Next Low | 2.22 |
| 2nd Low | 2.21 |
| 3rd Low | 2.202 |
2.267 – 2.249 – 2.281 – 2.22 – 2.21 – 2.202 —
2.275000000 – 2.287000000 —
53.843833734233 – 61.806450896908 —
– —
2.267 – 1781890200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – – –