And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
The bearish trend downwards to the next support at 0.001352800 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.001384500 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0013488 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 0.001384500 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001423500 |
| 2nd High | 0.001395300 |
| Next High | 0.001384500 |
| Current Price | 0.001355000 |
| Next Low | 0.001352800 |
| 2nd Low | 0.001349000 |
| 3rd Low | 0.001348800 |
0.001384500 – 0.001395300 – 0.001379400 – 0.001352800 – 0.001349000 – 0.001348800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern