The pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.001522700 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.001543800 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The pair is likely to go down.
In addition a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001567700 |
| 2nd High | 0.001546100 |
| Next High | 0.001543800 |
| Current Price | 0.001505500 |
| Next Low | 0.001522700 |
| 2nd Low | 0.001490300 |
| 3rd Low | 0.001486200 |
0.001543800 – 0.001546100 – 0.001567700 – 0.001522700 – 0.001523300 – 0.001538100 — 34.084649358273 – 32.561067129528
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – –