SOL/BTC – 4H – BUYThe currency pair moves from the ascending trendline down.
A bearish trend down to the next support level at 0.002245400 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.002368200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.002406893 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.002368200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002535900 |
| 2nd High | 0.002460500 |
| Next High | 0.002368200 |
| Current Price | 0.002354600 |
| Next Low | 0.002245400 |
| 2nd Low | 0.002210000 |
| 3rd Low | 0.002136100 |