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 121.54 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 128.13 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 132.17 |
| 2nd High | 130.94 |
| Next High | 128.13 |
| Current Price | 118.300000000 |
| Next Low | 112.14 |
| 2nd Low | 108.21 |
| 3rd Low | 101.26 |
128.13 – 127.84 – 127.51 – 112.14 – 123.12 – 122.35 —
115.990000000 – 117.770000000 —
40.806006160412 – 46.371095067859 —
– —
128.13000 – 1769594400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – – –