SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.001939900 will continue.
Caution: A possible change in the direction of the resistance line at 0.002035900 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0019681 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.002035900 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002135300 |
| 2nd High | 0.002090600 |
| Next High | 0.002035900 |
| Current Price | 0.001959700 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001872200 |
| 3rd Low | 0.001842700 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows