SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish movement downwards to the next support at 0.002601000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002707000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0025756722 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.002707000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.002711100 |
| Next High | 0.002707000 |
| Current Price | 0.002608500 |
| Next Low | 0.002601000 |
| 2nd Low | 0.002538800 |
| 3rd Low | 0.002356800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows