SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.001420500 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001454700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001462100 |
| 2nd High | 0.001458300 |
| Next High | 0.001454700 |
| Current Price | 0.001446400 |
| Next Low | 0.001420500 |
| 2nd Low | 0.001407200 |
| 3rd Low | 0.001376000 |
0.001454700 – 0.001458300 – 0.001455700 – 0.001420500 – 0.001407200 – 0.001413900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji