And also a ‘Head and Shoulder chart pattern’ chart pattern is detected. The chart picture shows ‘Head and Shoulder chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 114.01148 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 114.590000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 114.590000000 |
| Current Price | 112.430000000 |
| Next Low | 112.170000000 |
| 2nd Low | 106.700000000 |
| 3rd Low | 103.160000000 |
114.590000000 – 116.270000000 – 114.790000000 – 112.170000000 – 112.770000000 – 106.700000000 — 38.469244692966 – 41.884366824005
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Head and Shoulder chart pattern – –