SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
A descending movement down to the next support at 0.001445000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.001560000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001632600 |
| 2nd High | 0.001616800 |
| Next High | 0.001560000 |
| Current Price | 0.001509500 |
| Next Low | 0.001445000 |
| 2nd Low | 0.001347600 |
| 3rd Low | 0.001288500 |
0.001503600 – 0.001395300 – 0.001379400 – 0.001445000 – 0.001347600 – 0.001349000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern