Then a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 62.445 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 59.92 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.47 |
| 2nd High | 66.02 |
| Next High | 59.92 |
| Current Price | 59.320000000 |
| Next Low | 55 |
| 2nd Low | 52.71 |
| 3rd Low |
59.92 – 66.02 – 66.47 – 55 – 62.45 – 63.65 —
59.580000000 – 58.600000000 —
51.568929264825 – 40.981306318398 —
– —
59.92000 – 1769913000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Double top retreat up – –