SOL/BTC – 30M – SELLIn addition a ‘Double top chart pattern’ chart formation is detected. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.001538100 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.001567700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Inside Down’ candlestick pattern is existing. The chart shows ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001631400 |
| 2nd High | 0.001626700 |
| Next High | 0.001567700 |
| Current Price | 0.001538600 |
| Next Low | 0.001538100 |
| 2nd Low | 0.001529200 |
| 3rd Low | 0.001522800 |
0.001567700 – 0.001626700 – 0.001631400 – 0.001538100 – 0.001563400 – 0.001562500 — 48.100239508049 – 44.837640090831
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Inside Down – Double top chart pattern –