Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.628 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.687 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘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 success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.716 |
| 2nd High | 0.696 |
| Next High | 0.687 |
| Current Price | 0.608000000 |
| Next Low | 0.569 |
| 2nd Low | |
| 3rd Low |
0.687 – 0.678 – 0.667 – 0.569 – 0.571 – 0.588 —
0.606000000 – 0.598000000 —
51.503123131489 – 46.643795857416 —
– —
0.687 – 1782133200
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Three Outside Up – – –