SOL/USDT – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 213.925 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 223.180000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 227.560000000 |
| 2nd High | 223.890000000 |
| Next High | 223.180000000 |
| Current Price | 217.870000000 |
| Next Low | 213.230000000 |
| 2nd Low | 211.560000000 |
| 3rd Low | 211.460000000 |