Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 78.525 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 81.32 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 83.1 |
| 2nd High | 82.78 |
| Next High | 81.32 |
| Current Price | 80.630000000 |
| Next Low | 80.41 |
| 2nd Low | 77.59 |
| 3rd Low | 76.59 |
81.32 – 82.78 – 78.96 – 80.41 – 77.59 – 76.59 —
80.780000000 – 80.980000000 —
53.558362759673 – 53.238936068459 —
– —
81.32 – 1783020600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –