SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.001939900 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001984000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002009000 |
| 2nd High | 0.002000800 |
| Next High | 0.001984000 |
| Current Price | 0.001959000 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001878000 |
| 3rd Low | 0.001872200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows