SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.001432000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
And also a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001469000 |
| 2nd High | 0.001439100 |
| Next High | 0.001432000 |
| Current Price | 0.001394900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001432000 – 0.001410400 – 0.001419800 – 0.001394800 – 0.001393400 – 0.001321400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Two Crows – Rising Wedge Chart Pattern