SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.002021100 will continue.
Caution: A possible change in the direction of resistance at 0.002076400 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002076400 |
| Current Price | 0.002042100 |
| Next Low | 0.002021100 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Belt Hold