Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 8.41201 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 8.461 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.57 |
| 2nd High | 8.494 |
| Next High | 8.461 |
| Current Price | 8.227000000 |
| Next Low | 7.795 |
| 2nd Low | 7.709 |
| 3rd Low | 7.674 |
8.461 – 8.494 – 8.57 – 8.356 – 8.451 – 7.795 —
8.206000000 – 8.168000000 —
38.614547598354 – 45.988050772224 —
– —
8.461 – 1784235600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three White Soldiers – – –