Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 4.021 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 4.209 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.588 |
| 2nd High | 4.294 |
| Next High | 4.209 |
| Current Price | 4.051000000 |
| Next Low | 3.934 |
| 2nd Low | 3.908 |
| 3rd Low | 3.905 |
3.997 – 3.984 – 3.951 – 3.934 – 3.936 – 3.908 —
4.075000000 – 4.127000000 —
63.671335473749 – 52.660812339638 —
– —
3.997 – 1773574200
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bullish Engulfing – – –