SOL/BTC – 30M – SELLThe currency pair goes from the ascending trendline down.
A bearish descent downwards to the next support line at 0.002451100 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002584800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.0024505 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.002584800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002618500 |
| 2nd High | 0.002601900 |
| Next High | 0.002584800 |
| Current Price | 0.002458000 |
| Next Low | 0.002451100 |
| 2nd Low | 0.002450500 |
| 3rd Low | 0.002448100 |