Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 8.58 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 8.99 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Bearish Belt Hold’ candle chart pattern is existing. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.05 |
| 2nd High | 9.02 |
| Next High | 8.99 |
| Current Price | 8.760000000 |
| Next Low | 8.66 |
| 2nd Low | 8.3 |
| 3rd Low | 8.17 |
8.99 – 8.86 – 8.91 – 8.66 – 8.68 – 8.3 —
8.810000000 – 8.830000000 —
45.879323060009 – 51.244964782071 —
– —
8.99 – 1771246800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –