SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
A descent down to the next support level at 0.002334200 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.002429600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0023636528 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.002429600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002459000 |
| 2nd High | 0.002441900 |
| Next High | 0.002429600 |
| Current Price | 0.002387500 |
| Next Low | 0.002334200 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows