SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.001403700 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.001429300 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001469000 |
| 2nd High | 0.001439100 |
| Next High | 0.001429300 |
| Current Price | 0.001403000 |
| Next Low | 0.001403700 |
| 2nd Low | 0.001389700 |
| 3rd Low | 0.001375000 |
0.001429300 – 0.001439100 – 0.001469000 – 0.001403700 – 0.001389700 – 0.001451000