Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 7.89 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 8.137 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.418 |
| 2nd High | 8.371 |
| Next High | 8.137 |
| Current Price | 7.989000000 |
| Next Low | 7.89 |
| 2nd Low | 7.783 |
| 3rd Low | 7.753 |
8.137 – 8.371 – 8.418 – 7.89 – 7.937 – 8.084 —
8.032000000 – 8.042000000 —
46.484340461566 – 46.867853389875 —
– —
8.137 – 1781744400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –