And also a ‘Double bottom retreat down’ chart layout is found. The chart shows ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.
And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.0013664292 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.001392000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001392000 |
| Current Price | 0.001379900 |
| Next Low | 0.001349000 |
| 2nd Low | 0.001348800 |
| 3rd Low | 0.001321400 |
0.001379400 – 0.001392000 – 0.001423500 – 0.001349000 – 0.001348800 – 0.001360400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down