SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A descent down to the next support line at 0.001429600 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.001467800 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.0014534984 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.001467800 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Inside Down’ candlestick pattern is found. The candles form ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001496400 |
| Next High | 0.001467800 |
| Current Price | 0.001456100 |
| Next Low | 0.001429600 |
| 2nd Low | 0.001420500 |
| 3rd Low | 0.001407200 |
0.001467800 – 0.001454700 – 0.001458300 – 0.001429600 – 0.001420500 – 0.001407200
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Inside Down