SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at will continue.
Caution: A possible change in the direction of the resistance level at 0.001606700 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. 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 | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001606700 |
| Current Price | 0.001554300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001606700 – 0.001720700 – 0.001739200 – 0.001530400 – 0.001649800 – 0.001486200 — 46.461554065779 – 46.546510162087
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Triple top chart pattern –