The analysis is correct, but despite all indicators suggesting a decline, what will happen is an increase. I am sure of this, and finally, this is my personal opinion and not financial advice.

If the price breaks the resistance level of 1.820 with 3 bullish candles, the price will rise to 1.900 - 2.000. However, if the price fails to break 1.820 and starts to decline, the price will fall to 1.754 - 1.600. God knows best.