SOL/BTC – 1H – SELL

The combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.

A bearish movement downwards to the next support line at 0.001367700 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.001421100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001421100 – 0.001413300 – 0.001407100 – 0.001367700 – 0.001382100 – 0.001352100

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down