SOL/BTC – 4H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.002334200 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.002675400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.002691600 |
| Next High | 0.002675400 |
| Current Price | 0.002577700 |
| Next Low | 0.002334200 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002209100 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows