Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.26735 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.2634 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2843 |
| 2nd High | 0.2766 |
| Next High | 0.2634 |
| Current Price | 0.259200000 |
| Next Low | 0.2504 |
| 2nd Low | 0.2205 |
| 3rd Low |
0.2634 – 0.2766 – 0.2763 – 0.2504 – 0.2597 – 0.2596 —
0.263700000 – 0.267400000 —
61.448638188219 – 52.012845360823 —
– —
0.2634 – 1770818400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –