SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.001372000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.001403600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001403600 |
| Current Price | 0.001392800 |
| Next Low | 0.001372000 |
| 2nd Low | 0.001345600 |
| 3rd Low | 0.001338400 |
0.001403600 – 0.001392800 – 0.001509500 – 0.001372000 – 0.001439000 – 0.001429600