Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 55.18 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 55.18 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Up’ candlestick pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 56.05 |
| 2nd High | 55.75 |
| Next High | 55.18 |
| Current Price | 54.970000000 |
| Next Low | 53.54 |
| 2nd Low | 53.43 |
| 3rd Low | 53.01 |
55.18 – 54.12 – 55 – 53.54 – 53.43 – 53.64 —
55.050000000 – 54.870000000 —
59.770696460899 – 52.641524156609 —
– —
55.18 – 1773248400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –