Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 7.98026 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 8.461 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 8.182000000 |
| Next Low | 7.795 |
| 2nd Low | 7.709 |
| 3rd Low | 7.674 |
8.461 – 8.494 – 8.57 – 8.356 – 8.451 – 7.795 —
8.186000000 – 8.213000000 —
31.337653317516 – 41.19054228439 —
– —
8.461 – 1784235600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –