Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 7.975812 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 8.418 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.6 |
| 2nd High | 8.484 |
| Next High | 8.418 |
| Current Price | 8.149000000 |
| Next Low | 8.094 |
| 2nd Low | 7.783 |
| 3rd Low | 7.753 |
8.418 – 8.484 – 8.6 – 8.094 – 8.151 – 7.783 —
8.343000000 – 8.217000000 —
51.46885193195 – 35.563246692419 —
– —
8.418 – 1781661600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –