Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 84.57824 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 85.56 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.32 |
| 2nd High | 88.08 |
| Next High | 85.56 |
| Current Price | 84.880000000 |
| Next Low | 83.58 |
| 2nd Low | 83.52 |
| 3rd Low | 83.33 |
84.97 – 84.86 – 83.83 – 83.58 – 83.52 – 83.33 —
84.460000000 – 85.900000000 —
51.75229711355 – 69.86113230843 —
– —
84.97 – 1777755600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – – –