SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.002181800 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002313800 should always be considered.
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 considered certain. Current target is 0.0021481 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.002313800 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002445500 |
| 2nd High | 0.002322500 |
| Next High | 0.002313800 |
| Current Price | 0.002195300 |
| Next Low | 0.002181800 |
| 2nd Low | 0.002148100 |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows