Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 73.115 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 75.87 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 81.65 |
| 2nd High | 76.49 |
| Next High | 75.87 |
| Current Price | 74.610000000 |
| Next Low | 72.25 |
| 2nd Low | 71.9 |
| 3rd Low | 69.74 |
75.87 – 74.1 – 75.8 – 72.25 – 71.9 – 69.74 —
74.960000000 – 75.320000000 —
56.56675227101 – 54.531482848474 —
– —
75.87 – 1782880200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –