SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
A descent down to the next support at 0.002538800 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002693600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0025388 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.002693600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002711100 |
| 2nd High | 0.002707000 |
| Next High | 0.002693600 |
| Current Price | 0.002565000 |
| Next Low | 0.002538800 |
| 2nd Low | 0.002356800 |
| 3rd Low | 0.002334200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows