SOL/USDT – 1H – SELLBesides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart 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 will persist. Current target is 84.44568 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 89.32 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘On Neck’ chart pattern is found. The candles show ‘On Neck’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.47 |
| 2nd High | 90.73 |
| Next High | 89.32 |
| Current Price | 85.790000000 |
| Next Low | 84.31 |
| 2nd Low | 82.94 |
| 3rd Low | 82.65 |
89.32 – 86.89 – 86.22 – 84.31 – 85 – 82.94 —
88.370000000 – 86.870000000 —
55.214016087629 – 39.946381141572 —
– —
89.32 – 1776866400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – On Neck – – –