SOL/BTC – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.0025048 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.002441900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002675400 |
| 2nd High | 0.002459000 |
| Next High | 0.002441900 |
| Current Price | 0.002425700 |
| Next Low | 0.002334200 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three White Soldiers