SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.001347600 will continue.
Caution: A possible change in the direction of the resistance zone at 0.001487300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001487300 |
| Current Price | 0.001449200 |
| Next Low | 0.001347600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001395300 – 0.001379400 – 0.001423500 – 0.001347600 – 0.001349000 – 0.001348800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Two Crows – Triple bottom chart pattern