SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
A descent downwards to the next support level at 0.001429600 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.001458300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.0014462404 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.001458300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001496400 |
| 2nd High | 0.001462100 |
| Next High | 0.001458300 |
| Current Price | 0.001455200 |
| Next Low | 0.001429600 |
| 2nd Low | 0.001420500 |
| 3rd Low | 0.001407200 |
0.001454700 – 0.001458300 – 0.001425500 – 0.001429600 – 0.001420500 – 0.001407200
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows