SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.00124 will continue.
Caution: A possible change in the direction of the resistance line at 0.00126 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Belt Hold’ chart pattern is existing. The chart shows ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0013 |
| 2nd High | 0.00129 |
| Next High | 0.00126 |
| Current Price | 0.001241900 |
| Next Low | 0.00124 |
| 2nd Low | 0.00123 |
| 3rd Low | 0.00122 |
0.00126 – 0.00129 – 0.00127 – 0.00124 – 0.00125 – 0.00123 —
0.001245300 – 0.001248400 —
39.248285960386 – 43.301709465969 —
– —
0.00126 – 1771207200
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Belt Hold – – –