Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 8.90656 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 9.3 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Up’ chart pattern is discovered. 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 success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.49 |
| 2nd High | 9.33 |
| Next High | 9.3 |
| Current Price | 8.700000000 |
| Next Low | 8.68 |
| 2nd Low | 8.56 |
| 3rd Low | 8.54 |
9.3 – 9.33 – 9.49 – 8.73 – 9.07 – 9.18 —
8.720000000 – 8.700000000 —
37.294685821107 – 34.867190755244 —
– —
9.3 – 1772782200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – – –