Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 8.011 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 8.011 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.128 |
| 2nd High | 8.028 |
| Next High | 8.011 |
| Current Price | 7.962000000 |
| Next Low | 7.858 |
| 2nd Low | 7.819 |
| 3rd Low | 7.784 |
7.949 – 8.011 – 7.942 – 7.858 – 7.819 – 7.784 —
7.895000000 – 7.961000000 —
51.422935129402 – 60.471648337717 —
– —
7.949 – 1781314200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –