Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 2.4335 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 2.44 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Concealing Baby Swallow’ candle chart pattern is found. The chart forms ‘Concealing Baby Swallow’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.492 |
| 2nd High | 2.449 |
| Next High | 2.44 |
| Current Price | 2.406000000 |
| Next Low | 2.375 |
| 2nd Low | 2.271 |
| 3rd Low | 2.257 |
2.44 – 2.449 – 2.492 – 2.375 – 2.41 – 2.431 —
2.435000000 – 2.412000000 —
51.143307736263 – 43.57974917869 —
– —
2.44 – 1777348800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Concealing Baby Swallow – – –