SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A descent down to the next support level at 0.001570900 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001600000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘On Neck’ candle chart pattern is discovered. The candles show ‘On Neck’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001619200 |
| 2nd High | 0.001601500 |
| Next High | 0.001600000 |
| Current Price | 0.001553300 |
| Next Low | 0.001570900 |
| 2nd Low | 0.001533100 |
| 3rd Low | 0.001527900 |