SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A descent down to the next support at 0.001968100 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002035900 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Tweezers Top’ chart pattern is discovered. The chart shows ‘Tweezers Top’. 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 success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002135300 |
| 2nd High | 0.002090600 |
| Next High | 0.002035900 |
| Current Price | 0.001975000 |
| Next Low | 0.001968100 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001872200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Tweezers Top