The pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline down.
A bearish movement down to the next support line at 0.00117 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.00119 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00124 |
| 2nd High | 0.00122 |
| Next High | 0.00119 |
| Current Price | 0.001174400 |
| Next Low | 0.00117 |
| 2nd Low | 0.0011 |
| 3rd Low | 0.00109 |
0.00119 – 0.00122 – 0.00122 – 0.00118 – 0.00119 – 0.00119 —
0.001172900 – 0.001178700 —
30.51199846425 – 44.29479821885 —
– —
0.00119 – 1784268000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Belt Hold – Rising Wedge Chart Pattern – –