Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.2670056 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.2664 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Engulfing’ chart pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.273 |
| 2nd High | 0.2678 |
| Next High | 0.2664 |
| Current Price | 0.262100000 |
| Next Low | 0.2476 |
| 2nd Low | 0.2458 |
| 3rd Low | 0.2205 |
0.2543 – 0.2664 – 0.2678 – 0.2476 – 0.248 – 0.2549 —
0.261600000 – 0.261400000 —
68.308069333961 – 60.476060705066 —
– —
0.2543 – 1774233000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –