SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.002151300 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.002192400 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002232400 |
| Next High | 0.002192400 |
| Current Price | 0.002147800 |
| Next Low | 0.002151300 |
| 2nd Low | 0.002114300 |
| 3rd Low | 0.002017800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows