SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.001649800 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.001720700 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001740400 |
| 2nd High | 0.001739200 |
| Next High | 0.001720700 |
| Current Price | 0.001693400 |
| Next Low | 0.001649800 |
| 2nd Low | 0.001486200 |
| 3rd Low | 0.001479400 |
0.001720700 – 0.001739200 – 0.001536300 – 0.001649800 – 0.001486200 – 0.001479400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern