SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish trend down to the next support line at 0.001563400 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.001594600 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘RSI fall below 70’ indicator signal is detected. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The currency pair could go down.
Additionally a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001719800 |
| 2nd High | 0.001613600 |
| Next High | 0.001594600 |
| Current Price | 0.001617900 |
| Next Low | 0.001563400 |
| 2nd Low | 0.001562500 |
| 3rd Low | 0.001529200 |
0.001594600 – 0.001613600 – 0.001591100 – 0.001563400 – 0.001562500 – 0.001529200 — 61.894772310683 – 61.475147310354
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Rising Wedge Chart Pattern –