Next a ‘Double bottom chart pattern’ chart pattern is existing. The chart shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.87745 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.870000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.954000000 |
| 2nd High | 0.902500000 |
| Next High | 0.870000000 |
| Current Price | 0.867300000 |
| Next Low | 0.853000000 |
| 2nd Low | 0.852400000 |
| 3rd Low | 0.823000000 |
0.866100000 – 0.870000000 – 0.902500000 – 0.853000000 – 0.853000000 – 0.852400000 — 47.420344272107 – 50.9444549734
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Double bottom chart pattern – –