Then a ‘Double bottom chart pattern’ chart formation is discovered. The chart picture forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
Then a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish 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’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 123218.000000000 |
| Current Price | 118699.990000000 |
| Next Low | 115736.920000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
118490.710000000 – 123218.000000000 – 118200.000000000 – 115736.920000000 – 116900.050000000 – 116604.870000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bullish Engulfing – Double bottom chart pattern