SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001641300 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Matching Low’ candlestick pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001707300 |
| 2nd High | 0.001662300 |
| Next High | 0.001641300 |
| Current Price | 0.001625500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001641300 – 0.001608800 – 0.001612500 – 0.001618700 – 0.001598300 – 0.001577400 — 44.422986434557 – 44.025747024417
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern – –