Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 7.563828 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 7.483 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.155 |
| 2nd High | 7.7 |
| Next High | 7.483 |
| Current Price | 7.519000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
7.483 – 7.7 – 7.672 – 7.123 – 7.533 – 7.479 —
7.416000000 – 7.408000000 —
48.683901881369 – 47.24146621031 —
– —
7.483 – 1782338400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – – –