Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 81.91 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 89.08 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.84 |
| 2nd High | 89.2 |
| Next High | 89.08 |
| Current Price | 83.460000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
89.08 – 88.99 – 89.2 – 81.91 – 82.86 – 85.75 —
82.980000000 – 84.390000000 —
35.240207609728 – 58.654937122776 —
– —
89.08 – 1770591600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top chart pattern – –