Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.66704 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.681 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candlestick pattern is detected. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.235 |
| 2nd High | 1.752 |
| Next High | 1.681 |
| Current Price | 1.640000000 |
| Next Low | 1.392 |
| 2nd Low | 1.225 |
| 3rd Low | 1.101 |
1.555 – 1.681 – 1.752 – 1.392 – 1.425 – 1.473 —
1.442000000 – 1.607000000 —
39.197394439341 – 66.740401832002 —
– —
1.555 – 1773230400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –