Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 74.1 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 79.04 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82.79 |
| 2nd High | 79.68 |
| Next High | 79.04 |
| Current Price | 75.110000000 |
| Next Low | 74.1 |
| 2nd Low | 72.25 |
| 3rd Low | 71.9 |
79.04 – 77.95 – 78.88 – 74.1 – 77.07 – 76.29 —
75.000000000 – 75.410000000 —
39.426401569162 – 52.327328197798 —
– —
79.04 – 1784120400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – – –