SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.001382100 is expected.
Caution: A possible change in the direction of the resistance level at 0.001407100 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00139412 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.001407100 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001407100 |
| Current Price | 0.001400600 |
| Next Low | 0.001382100 |
| 2nd Low | 0.001360600 |
| 3rd Low | 0.001352100 |
0.001407100 – 0.001372400 – 0.001367500 – 0.001382100 – 0.001360600 – 0.001352100
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern