SOL/BTC – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A descending movement down to the next support level at 0.001538100 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.001626700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.
Besides a ‘Last Engulfing Top’ chart pattern is found. The chart forms ‘Last Engulfing Top’. 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 ‘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 –