And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 8.93024 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 9.18 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Collapsing Doji Star’ candle pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.3 |
| 2nd High | 9.19 |
| Next High | 9.18 |
| Current Price | 8.970000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
9.18 – 9.04 – 9.19 – 8.86 – 8.9 – 8.85 —
9.070000000 – 9.020000000 —
53.771296363834 – 45.469694082409 —
– —
9.18 – 1773235800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Collapsing Doji Star – – –