SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.001348800 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001379400 could occur.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Next a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001379400 |
| Current Price | 0.001365100 |
| Next Low | 0.001348800 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001379400 – 0.001423500 – 0.001421100 – 0.001348800 – 0.001360400 – 0.001367700