Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 8.1915 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 8.6 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.876 |
| 2nd High | 8.616 |
| Next High | 8.6 |
| Current Price | 8.376000000 |
| Next Low | 7.783 |
| 2nd Low | 7.753 |
| 3rd Low | 7.688 |
8.6 – 8.219 – 8.05 – 7.783 – 7.938 – 7.858 —
8.571000000 – 8.453000000 —
73.692483212118 – 53.226376366731 —
– —
8.6 – 1781537400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –