SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.00122 is certain.
Caution: A possible change in the direction of resistance at 0.00126 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ candlestick pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00133 |
| 2nd High | 0.0013 |
| Next High | 0.00126 |
| Current Price | 0.001250900 |
| Next Low | 0.00122 |
| 2nd Low | 0.00112 |
| 3rd Low |
0.00126 – 0.00126 – 0.0013 – 0.00122 – 0.00112 – 0.00124 —
0.001239300 – 0.001252700 —
49.982949432324 – 60.218684778105 —
– —
0.00126 – 1770415200
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern – –