SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.00122 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.00126 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candle chart pattern is found. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going 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 – –