SOL/BTC – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.0021251 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.002232400 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Inside Down’ candlestick pattern is found. The chart shows ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002311000 |
| 2nd High | 0.002293000 |
| Next High | 0.002232400 |
| Current Price | 0.002176800 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Inside Down