SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 0.001429600 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.001467800 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0014375 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.001467800 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001496400 |
| Next High | 0.001467800 |
| Current Price | 0.001446400 |
| Next Low | 0.001429600 |
| 2nd Low | 0.001420500 |
| 3rd Low | 0.001407200 |
0.001467800 – 0.001454700 – 0.001458300 – 0.001429600 – 0.001420500 – 0.001407200