Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 85.31016 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 87.69 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88.8 |
| 2nd High | 88.09 |
| Next High | 87.69 |
| Current Price | 86.350000000 |
| Next Low | 85.12 |
| 2nd Low | 84.72 |
| 3rd Low | 84.36 |
87.69 – 88.09 – 86.88 – 85.12 – 84.72 – 84.36 —
87.090000000 – 86.960000000 —
55.197324231861 – 53.610558049919 —
– —
87.69 – 1773322200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – – –