And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.481264 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.55 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Up’ candle chart pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.723 |
| 2nd High | 1.576 |
| Next High | 1.55 |
| Current Price | 1.505000000 |
| Next Low | 1.399 |
| 2nd Low | 0.633 |
| 3rd Low |
1.55 – 1.576 – 1.536 – 1.51 – 1.509 – 1.452 —
1.526000000 – 1.453000000 —
41.675212783564 – 20.373337901452 —
– —
1.55 – 1770093000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – Double top retreat up – –