Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 2.407 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 2.546 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Southern Doji’ chart pattern is found. The candles show ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.63 |
| 2nd High | 2.609 |
| Next High | 2.546 |
| Current Price | 2.464000000 |
| Next Low | 2.456 |
| 2nd Low | 2.425 |
| 3rd Low | 2.407 |
2.546 – 2.609 – 2.63 – 2.456 – 2.497 – 2.425 —
2.513000000 – 2.500000000 —
47.528687920463 – 39.521397507179 —
– —
2.546 – 1780984800
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Southern Doji – – –