Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.00121 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.00128 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00133 |
| 2nd High | 0.0013 |
| Next High | 0.00128 |
| Current Price | 0.001251500 |
| Next Low | 0.00122 |
| 2nd Low | 0.00112 |
| 3rd Low |
0.00128 – 0.00126 – 0.00126 – 0.00122 – 0.00112 – 0.00124 —
0.001263200 – 0.001261100 —
45.676310417347 – 49.675028470797 —
– —
0.00128 – 1770489000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – – –