SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.001490300 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.001533400 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Inside Down’ candle chart pattern is discovered. The chart shows ‘Three Inside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001536300 |
| Next High | 0.001533400 |
| Current Price | 0.001504100 |
| Next Low | 0.001490300 |
| 2nd Low | 0.001486200 |
| 3rd Low | 0.001479400 |
0.001533400 – 0.001536300 – 0.001503600 – 0.001490300 – 0.001486200 – 0.001486800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Inside Down – Triple bottom chart pattern