SOL/BTC – 4H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.001939900 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002232400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002550000 |
| 2nd High | 0.002313800 |
| Next High | 0.002232400 |
| Current Price | 0.001975000 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001842700 |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows