Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2.513 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 2.499 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. 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 | 2.643 |
| 2nd High | 2.5 |
| Next High | 2.499 |
| Current Price | 2.458000000 |
| Next Low | 2.383 |
| 2nd Low | 2.34 |
| 3rd Low | 2.274 |
2.499 – 2.5 – 2.643 – 2.383 – 2.43 – 2.435 —
2.436000000 – 2.456000000 —
44.385485602272 – 49.206541734758 —
– —
2.499 – 1772971200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Up – – –