SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.001379400 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
In addition a ‘Collapsing Doji Star’ candle chart pattern is found. The chart forms ‘Collapsing Doji Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001423500 |
| 2nd High | 0.001392000 |
| Next High | 0.001379400 |
| Current Price | 0.001369400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001379400 – 0.001392000 – 0.001423500 – 0.001348800 – 0.001360400 – 0.001386000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Collapsing Doji Star – Double bottom chart pattern