SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.001429600 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.001458300 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001496400 |
| 2nd High | 0.001462100 |
| Next High | 0.001458300 |
| Current Price | 0.001452700 |
| Next Low | 0.001429600 |
| 2nd Low | 0.001420500 |
| 3rd Low | 0.001407200 |
0.001454700 – 0.001458300 – 0.001425500 – 0.001429600 – 0.001420500 – 0.001407200
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows