SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.002023500 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002080100 could occur.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002080100 |
| Current Price | 0.002048000 |
| Next Low | 0.002023500 |
| 2nd Low | 0.002021100 |
| 3rd Low | 0.001943400 |