The pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.0012 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
And also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00125 |
| 2nd High | 0.00121 |
| Next High | 0.0012 |
| Current Price | 0.001174000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.0012 – 0.00121 – 0.00121 – 0.00115 – 0.00116 – 0.00118 —
0.001188200 – 0.001185800 —
67.802347998305 – 63.173489359495 —
– —
0.0012 – 1775433600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – – –