SOL/USDT – 30M – BUYCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 122.35 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 125.17 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Shooting Star’ candlestick chart pattern is discovered. The candles show ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 127.51 |
| 2nd High | 125.6 |
| Next High | 125.17 |
| Current Price | 123.640000000 |
| Next Low | 122.35 |
| 2nd Low | 108.21 |
| 3rd Low | 102.31 |
125.17 – 125.6 – 127.51 – 122.35 – 126.64 – 126.89 —
124.050000000 – 124.520000000 —
41.517707327198 – 50.778372075917 —
– —
125.17000 – 1769482800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Shooting Star – Head and Shoulder chart pattern – –