SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.002472000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002520000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Evening Star’ candle chart pattern is discovered. The candles show ‘Evening Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002550000 |
| 2nd High | 0.002534500 |
| Next High | 0.002520000 |
| Current Price | 0.002505400 |
| Next Low | 0.002472000 |
| 2nd Low | 0.002452300 |
| 3rd Low | 0.002427200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Evening Star