Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.02782 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.02981 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03029 |
| 2nd High | 0.03024 |
| Next High | 0.02981 |
| Current Price | 0.028750000 |
| Next Low | 0.02758 |
| 2nd Low | 0.02583 |
| 3rd Low | 0.02469 |
0.02981 – 0.02859 – 0.027 – 0.02758 – 0.02583 – 0.02676 —
0.029750000 – 0.029150000 —
85.256202144969 – 53.391417900905 —
– —
0.02981 – 1784160000
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – Three Black Crows – – –