Then a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards
A bearish movement down to the next support level at 0.001348800 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.001379400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001423500 |
| 2nd High | 0.001392000 |
| Next High | 0.001379400 |
| Current Price | 0.001353200 |
| Next Low | 0.001348800 |
| 2nd Low | 0.001321400 |
| 3rd Low | 0.001315900 |
0.001379400 – 0.001392000 – 0.001423500 – 0.001348800 – 0.001360400 – 0.001386000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern