SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 0.002023500 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.002067300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002076400 |
| 2nd High | 0.002067700 |
| Next High | 0.002067300 |
| Current Price | 0.002057000 |
| Next Low | 0.002023500 |
| 2nd Low | 0.002021100 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows