There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 7.240476 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 7.501 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Shooting Star’ candle chart pattern is discovered. The candles form ‘Shooting Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.7 |
| 2nd High | 7.553 |
| Next High | 7.501 |
| Current Price | 7.303000000 |
| Next Low | 7.202 |
| 2nd Low | 7.16 |
| 3rd Low | 7.056 |
7.501 – 7.413 – 7.367 – 7.202 – 7.16 – 7.22 —
7.463000000 – 7.332000000 —
59.890978841652 – 43.390070185902 —
– —
7.501 – 1782754200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Shooting Star – – –