SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A descent down to the next support level at 0.001420500 will continue.
Caution: A possible change in the direction of the resistance zone at 0.001467800 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Tweezers Top’ candle pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001496400 |
| Next High | 0.001467800 |
| Current Price | 0.001456100 |
| 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 – Tweezers Top