SOL/BTC – 30M – SELLIn addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline down.
A descending movement down to the next support level at 0.001944700 is expected.
Caution: A possible change in the direction of resistance at 0.001980200 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Last Engulfing Top’ chart pattern is detected. The candles form ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.001986100 |
| Next High | 0.001980200 |
| Current Price | 0.001950600 |
| Next Low | 0.001944700 |
| 2nd Low | 0.001910000 |
| 3rd Low | 0.001895600 |
0.001980200 – 0.001986100 – 0.001947000 – 0.001944700 – 0.001910000 – 0.001895600 — 45.160755929294 – 43.320759260032
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –