The combination breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.000011660 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.000010530 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 0.000011970 |
Next High | 0.000011660 |
Current Price | 0.000012350 |
Next Low | 0.000010530 |
2nd Low | 0.000008090 |
3rd Low | 0.000007950 |