Moreover a ‘Double bottom retreat down’ chart layout is detected. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Bearish Belt Hold’ candle chart pattern is found. The chart forms ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 204.990000000 |
| Current Price | 203.650000000 |
| Next Low | 198.390000000 |
| 2nd Low | 194.050000000 |
| 3rd Low | 193.010000000 |
204.990000000 – 204.670000000 – 199.280000000 – 198.390000000 – 194.050000000 – 193.010000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Belt Hold – Double bottom retreat down