SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish movement downwards to the next support level at 0.002601000 is certain.
Caution: A possible change in the direction of resistance at 0.002711100 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00252265 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.002711100 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002711100 |
| Current Price | 0.002604400 |
| Next Low | 0.002601000 |
| 2nd Low | 0.002356800 |
| 3rd Low | 0.002334200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows