Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.00110472 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.00112 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00115 |
| 2nd High | 0.00114 |
| Next High | 0.00112 |
| Current Price | 0.001108800 |
| Next Low | 0.0011 |
| 2nd Low | 0.00109 |
| 3rd Low |
0.00112 – 0.00112 – 0.00112 – 0.00111 – 0.00111 – 0.00111 —
0.001109400 – 0.001110000 —
42.945299808454 – 48.502127647837 —
– —
0.00112 – 1777172400
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Belt Hold – – –