Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.877 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 2.085 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.11 |
| 2nd High | 2.108 |
| Next High | 2.085 |
| Current Price | 1.919000000 |
| Next Low | 1.88 |
| 2nd Low | 1.877 |
| 3rd Low | 1.857 |
2.085 – 2.108 – 2.066 – 1.88 – 2.008 – 1.999 —
1.926000000 – 1.945000000 —
37.845254018884 – 46.766518096873 —
– —
2.085 – 1784206800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –