SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.001292400 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.001372300 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. 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 | 0.001429300 |
| 2nd High | 0.001409200 |
| Next High | 0.001372300 |
| Current Price | 0.001295000 |
| Next Low | 0.001292400 |
| 2nd Low | 0.001278000 |
| 3rd Low |
0.001372300 – 0.001409200 – 0.001429300 – 0.001292400 – 0.001352200 – 0.001383600
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows