In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 54.62948 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 54.12 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.75 |
| 2nd High | 55 |
| Next High | 54.12 |
| Current Price | 54.610000000 |
| Next Low | 53.54 |
| 2nd Low | 53.43 |
| 3rd Low | 53.01 |
54.12 – 55 – 54.56 – 53.54 – 53.43 – 53.64 —
53.970000000 – 54.400000000 —
48.137059789406 – 56.29772802248 —
– —
54.12 – 1773203400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – – –