SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish movement down to the next support level at 0.001968100 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.002035900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Below The Stomach’ candlestick pattern is detected. The candles form ‘Below The Stomach’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Below The Stomach’ heading down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002135300 |
| 2nd High | 0.002090600 |
| Next High | 0.002035900 |
| Current Price | 0.001975000 |
| Next Low | 0.001968100 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Below The Stomach