SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A descent downwards to the next support level at 0.002017800 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.002135300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Belt Hold’ candle pattern is discovered. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.002232400 |
| 2nd High | 0.002204400 |
| Next High | 0.002135300 |
| Current Price | 0.002053400 |
| Next Low | 0.002017800 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Belt Hold