SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
A bearish trend down to the next support line at 0.002114300 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.002204400 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Hammer’ candlestick pattern is found. The chart forms ‘Hammer’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002232400 |
| Next High | 0.002204400 |
| Current Price | 0.002128000 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |