The currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.001188800 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0012 |
| 2nd High | 0.00119 |
| Next High | 0.001188800 |
| Current Price | 0.001184000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001188800 – 0.00119 – 0.0012 – 0.00118 – 0.00118 – 0.00119 —
0.001188800 – 0.001186900 —
60.931774941765 – 52.698054513605 —
0.001188800 – 1784268000 —
– 1784268000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –