Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.192 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.205 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Inverted Hammer’ chart pattern is discovered. The chart forms ‘Inverted Hammer’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.236 |
| 2nd High | 0.233 |
| Next High | 0.205 |
| Current Price | 0.191000000 |
| Next Low | 0.179 |
| 2nd Low | 0.171 |
| 3rd Low | 0.167 |
0.205 – 0.203 – 0.202 – 0.179 – 0.188 – 0.193 —
0.183000000 – 0.185000000 —
24.823844427705 – 44.427930700417 —
– —
0.205 – 1779453000
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Inverted Hammer – – –