And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards
A bearish movement down to the next support line at is certain.
Caution: A possible change in the direction of the resistance zone at 0.001533400 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. 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 | 0.001560000 |
| 2nd High | 0.001536300 |
| Next High | 0.001533400 |
| Current Price | 0.001491800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001533400 – 0.001536300 – 0.001503600 – 0.001479400 – 0.001445000 – 0.001447400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern