Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 64877.26416 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 64896 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 65600 |
| 2nd High | 64997.52 |
| Next High | 64896 |
| Current Price | 64160.800000000 |
| Next Low | 62537.56 |
| 2nd Low | 61824.97 |
| 3rd Low | 61705.29 |
64896 – 64997.52 – 65600 – 62537.56 – 62666 – 63838.28 —
63268.530000000 – 64387.990000000 —
50.271684080624 – 70.731065868598 —
– —
64896 – 1784214000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –