SOL/BTC – 4H – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.00109 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.00113 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00109 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.00113 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00121 |
| 2nd High | 0.0012 |
| Next High | 0.00113 |
| Current Price | 0.001106700 |
| Next Low | 0.00109 |
| 2nd Low | 0.00105 |
| 3rd Low |
0.00113 – 0.00113 – 0.0012 – 0.00111 – 0.00109 – 0.0011 —
0.001140900 – 0.001124000 —
61.722253889143 – 49.379600747881 —
– —
0.00113 – 1780099200
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern – –