SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline down.
The bearish trend downwards to the next support line at 0.001413900 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001455700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001496400 |
| 2nd High | 0.001462100 |
| Next High | 0.001455700 |
| Current Price | 0.001417100 |
| Next Low | 0.001413900 |
| 2nd Low | 0.001407400 |
| 3rd Low | 0.001376000 |
0.001455700 – 0.001462100 – 0.001439200 – 0.001413900 – 0.001422900 – 0.001407400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Matching Low