SOL/BTC – 4H – BUYThe combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 0.001939900 is certain.
Caution: A possible change in the direction of resistance at 0.002313800 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Advance Block’ candle chart pattern is detected. The chart shows ‘Advance Block’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002681000 |
| 2nd High | 0.002550000 |
| Next High | 0.002313800 |
| Current Price | 0.002066500 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001842700 |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Advance Block