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 0.24955 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.2488 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Inverted Hammer’ candlestick chart pattern is existing. The chart forms ‘Inverted Hammer’. 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 ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2564 |
| 2nd High | 0.2561 |
| Next High | 0.2488 |
| Current Price | 0.246100000 |
| Next Low | 0.243 |
| 2nd Low | 0.2408 |
| 3rd Low | 0.2381 |
0.2488 – 0.2485 – 0.2487 – 0.243 – 0.2463 – 0.2507 —
0.248500000 – 0.247100000 —
54.463261419393 – 49.017419860968 —
– —
0.2488 – 1777352400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Inverted Hammer – – –