SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards
A bearish descent downwards to the next support at 0.001957600 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.002056100 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002231900 |
| Next High | 0.002056100 |
| Current Price | 0.001959200 |
| Next Low | 0.001957600 |
| 2nd Low | 0.001872200 |
| 3rd Low | 0.001842700 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows