The currency pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.001425500 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.
Then a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.001462100 |
2nd High | 0.001455700 |
Next High | 0.001425500 |
Current Price | 0.001439000 |
Next Low | |
2nd Low | |
3rd Low |
0.001425500 – 0.001455700 – 0.001462100 – 0.001407200 – 0.001415000 – 0.001413900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows