SOL/BTC – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0015089 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.001621300 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001630500 |
| 2nd High | 0.001626600 |
| Next High | 0.001621300 |
| Current Price | 0.001527000 |
| Next Low | 0.001508900 |
| 2nd Low | 0.001503700 |
| 3rd Low | 0.001481300 |