And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.001825600 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.001888900 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001952400 |
| 2nd High | 0.001909900 |
| Next High | 0.001888900 |
| Current Price | 0.001874400 |
| Next Low | 0.001825600 |
| 2nd Low | 0.001818200 |
| 3rd Low | 0.001685800 |
0.001888900 – 0.001909900 – 0.001952400 – 0.001825600 – 0.001858500 – 0.001844600 — 51.560431658104 – 51.123759431777
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Symmetrical Triangle Chart Pattern – –