SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A descending movement down to the next support line at 0.002114300 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.002204400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002293000 |
| 2nd High | 0.002232400 |
| Next High | 0.002204400 |
| Current Price | 0.002136100 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Belt Hold