Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 2.624 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 2.559 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.904 |
| 2nd High | 2.624 |
| Next High | 2.559 |
| Current Price | 2.552000000 |
| Next Low | 2.401 |
| 2nd Low | 2.39 |
| 3rd Low | 2.255 |
2.559 – 2.624 – 2.473 – 2.401 – 2.39 – 2.255 —
2.506000000 – 2.512000000 —
62.886086852456 – 58.949351773864 —
– —
2.559 – 1781431200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Northern Doji – – –