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 8.71228 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 9.27 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Harami’ candle pattern is discovered. The chart shows ‘Bearish Harami’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.78 |
| 2nd High | 9.59 |
| Next High | 9.27 |
| Current Price | 8.820000000 |
| Next Low | 8.6 |
| 2nd Low | 8.59 |
| 3rd Low | 8.54 |
9.27 – 8.89 – 9.06 – 8.6 – 8.59 – 8.59 —
8.790000000 – 8.760000000 —
45.086210446118 – 51.187893440219 —
– —
9.27 – 1772469000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Harami – – –