SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish movement down to the next support level at 0.002152800 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002322500 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0021528 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.002322500 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002411300 |
| 2nd High | 0.002377000 |
| Next High | 0.002322500 |
| Current Price | 0.002184200 |
| Next Low | 0.002152800 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows