SOL/BTC – 1H – BUYThe currency pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.002210000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.002411800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.00233525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.002411800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002506300 |
| 2nd High | 0.002460500 |
| Next High | 0.002411800 |
| Current Price | 0.002279000 |
| Next Low | 0.002210000 |
| 2nd Low | 0.002136100 |
| 3rd Low |