There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 80.32572 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 88.29 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119.12 |
| 2nd High | 92.1 |
| Next High | 88.29 |
| Current Price | 84.170000000 |
| Next Low | 77.12 |
| 2nd Low | 75.63 |
| 3rd Low | 67.5 |
82.27 – 88.29 – 92.1 – 77.12 – 80.32 – 85.19 —
82.910000000 – 84.970000000 —
66.981338010076 – 70.097724733973 —
– —
82.27 – 1772240400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – – –