SOL/BTC – 30M – SELLThe pair moves from the ascending trendline down.
A bearish trend downwards to the next support at 0.002572000 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.002648400 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002691600 |
| 2nd High | 0.002659600 |
| Next High | 0.002648400 |
| Current Price | 0.002601100 |
| Next Low | 0.002572000 |
| 2nd Low | 0.002489000 |
| 3rd Low | 0.002487200 |