The combination Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.001486500 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.001539900 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001546100 |
| 2nd High | 0.001543800 |
| Next High | 0.001539900 |
| Current Price | 0.001455600 |
| Next Low | 0.001486500 |
| 2nd Low | 0.001471000 |
| 3rd Low | 0.001445000 |
0.001539900 – 0.001527600 – 0.001543800 – 0.001486500 – 0.001471000 – 0.001500000 — 30.087654162682 – 29.657404592149
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Triple top chart pattern –