SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.001420500 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.001467800 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Inside Down’ candle pattern is discovered. The candles form ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001496400 |
| Next High | 0.001467800 |
| Current Price | 0.001442600 |
| Next Low | 0.001420500 |
| 2nd Low | 0.001407200 |
| 3rd Low | 0.001376000 |
0.001467800 – 0.001454700 – 0.001458300 – 0.001420500 – 0.001407200 – 0.001413900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Inside Down