Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.00109 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.0011 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00112 |
| 2nd High | 0.00111 |
| Next High | 0.0011 |
| Current Price | 0.001091300 |
| Next Low | 0.00109 |
| 2nd Low | |
| 3rd Low |
0.0011 – 0.0011 – 0.0011 – 0.00109 – 0.00109 – 0.00109 —
0.001095500 – 0.001094000 —
49.856848539226 – 49.795524025478 —
– —
0.0011 – 1777509000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – – –