The currency pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.00121 is expected.
Caution: A possible change in the direction of the resistance zone at 0.00124 could happen.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.
There is also a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0013 |
| 2nd High | 0.00128 |
| Next High | 0.00124 |
| Current Price | 0.001242500 |
| Next Low | 0.00121 |
| 2nd Low | 0.00112 |
| 3rd Low |
0.00124 – 0.00128 – 0.00126 – 0.00121 – 0.00122 – 0.00122 —
0.001223700 – 0.001246500 —
44.501387342059 – 70.672961942748 —
– —
0.00124 – 1770598800
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – – –