SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 0.001943400 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002056100 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Shooting Star’ chart pattern is found. The chart shows ‘Shooting Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002056100 |
| Current Price | 0.002032300 |
| Next Low | 0.001943400 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001878000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Shooting Star