SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at is certain.
Caution: A possible counter-trend in the direction of resistance at 0.001847200 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001880600 |
| 2nd High | 0.001856700 |
| Next High | 0.001847200 |
| Current Price | 0.001825800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001847200 – 0.001856700 – 0.001880600 – 0.001825500 – 0.001823900 – 0.001818700 — 49.379334532803 – 45.522245192235
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Double bottom retreat down – –