SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.001570900 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.001601500 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001649700 |
| 2nd High | 0.001619200 |
| Next High | 0.001601500 |
| Current Price | 0.001596000 |
| Next Low | 0.001570900 |
| 2nd Low | 0.001533100 |
| 3rd Low | 0.001527900 |