SOL/BTC – 30M – SELLThe combination goes from the bullish trendline down.
The bearish trend down to the next support line at 0.002572000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.002648400 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.0025309416 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.002648400 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 0.002583600 |
| Next Low | 0.002572000 |
| 2nd Low | 0.002489000 |
| 3rd Low | 0.002487200 |