Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 7.98026 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 8.461 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ candle pattern is discovered. The candles form ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.57 |
| 2nd High | 8.494 |
| Next High | 8.461 |
| Current Price | 8.165000000 |
| Next Low | 7.795 |
| 2nd Low | 7.709 |
| 3rd Low | 7.674 |
8.461 – 8.494 – 8.57 – 8.356 – 8.451 – 7.795 —
8.324000000 – 8.192000000 —
36.63476901093 – 33.324494115266 —
– —
8.461 – 1784235600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –