SOL/BTC – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards
A bearish descent down to the next support at 0.001538100 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.001626700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which could be a negative signal. The currency pair could go down.
Besides a ‘Last Engulfing Top’ chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001719800 |
| 2nd High | 0.001631400 |
| Next High | 0.001626700 |
| Current Price | 0.001558000 |
| Next Low | 0.001538100 |
| 2nd Low | 0.001529200 |
| 3rd Low | 0.001522800 |
0.001626700 – 0.001631400 – 0.001594600 – 0.001538100 – 0.001563400 – 0.001562500 — 53.664947897604 – 48.114069117306
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Symmetrical Triangle Chart Pattern –