And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle 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 ascending trendline downwards
A descent downwards to the next support level at 0.001858500 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.001909900 could happen.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001952400 |
| 2nd High | 0.001938500 |
| Next High | 0.001909900 |
| Current Price | 0.001864000 |
| Next Low | 0.001858500 |
| 2nd Low | 0.001844600 |
| 3rd Low | 0.001818200 |
0.001909900 – 0.001938500 – 0.001952400 – 0.001858500 – 0.001875600 – 0.001844600 — 38.051916141897 – 37.555311799282
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern – –