SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A descent down to the next support line at 0.001943400 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.002056100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Dark Cloud Cover’ candle chart pattern is detected. The chart forms ‘Dark Cloud Cover’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Dark Cloud Cover’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002056100 |
| Current Price | 0.002030500 |
| Next Low | 0.001943400 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001878000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Dark Cloud Cover