SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.001566900 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.001719800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Bearish Breakaway’ candlestick chart pattern is discovered. The candles form ‘Bearish Breakaway’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Breakaway’ heading down is 63% (Bull Market) & 89% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001719800 |
| Current Price | 0.001546600 |
| Next Low | 0.001566900 |
| 2nd Low | 0.001490300 |
| 3rd Low | 0.001486200 |
0.001719800 – 0.001720700 – 0.001739200 – 0.001566900 – 0.001664400 – 0.001649800
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Breakaway – –