SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.002612600 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002707000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.00262495 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.002707000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this 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 | 0.002652200 |
| Next Low | 0.002612600 |
| 2nd Low | 0.002601000 |
| 3rd Low | 0.002538800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows