SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.002027300 is likely expected.
Caution: A possible change in the direction of resistance at 0.002054700 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.0020276072 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.002054700 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002155900 |
| 2nd High | 0.002056100 |
| Next High | 0.002054700 |
| Current Price | 0.002053400 |
| Next Low | 0.002027300 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low