SOL/BTC – 1H – SELLThen a ‘Double top chart pattern’ chart formation is discovered. The chart picture forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 0.001288500 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.001409600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001409600 |
| Current Price | 0.001362400 |
| Next Low | 0.001288500 |
| 2nd Low | 0.001256200 |
| 3rd Low |
0.001409600 – 0.001487300 – 0.001432000 – 0.001373900 – 0.001390100 – 0.001288500
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Double top chart pattern