Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 8.80596 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 8.99 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Stick Sandwich’ chart pattern is detected. The chart forms ‘Stick Sandwich’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Stick Sandwich’ going up is 62% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.05 |
| 2nd High | 9.02 |
| Next High | 8.99 |
| Current Price | 8.930000000 |
| Next Low | 8.65 |
| 2nd Low | 8.17 |
| 3rd Low | 8.13 |
8.99 – 8.91 – 8.6 – 8.65 – 8.66 – 8.17 —
8.830000000 – 8.970000000 —
50.11432993624 – 56.099915517434 —
– —
8.99 – 1771246800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Stick Sandwich – Rising Wedge Chart Pattern – –