SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 0.001990500 is certain.
Caution: A possible change in the direction of resistance at 0.002056100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.0019249428 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.002056100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002056100 |
| Current Price | 0.001991200 |
| Next Low | 0.001990500 |
| 2nd Low | 0.001878000 |
| 3rd Low | 0.001872200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows