SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.001598300 will continue.
Caution: A possible change in the direction of the resistance line at 0.001641300 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001707300 |
| 2nd High | 0.001662300 |
| Next High | 0.001641300 |
| Current Price | 0.001627000 |
| Next Low | 0.001598300 |
| 2nd Low | 0.001577400 |
| 3rd Low | 0.001566900 |
0.001641300 – 0.001608800 – 0.001612500 – 0.001598300 – 0.001577400 – 0.001566900 — 54.473330428289 – 53.033206962012
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Double bottom retreat down – –