SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 0.001471000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.001539900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘RSI cross above 30’ indicator layout is found. The indicator is ‘RSI cross above 30’. which is often a bullish signal. The currency pair is likely to rise.
Moreover a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001631400 |
| 2nd High | 0.001567700 |
| Next High | 0.001539900 |
| Current Price | 0.001447600 |
| Next Low | 0.001471000 |
| 2nd Low | 0.001445000 |
| 3rd Low | 0.001347600 |
0.001539900 – 0.001567700 – 0.001631400 – 0.001471000 – 0.001538100 – 0.001563400 — 28.953125086705 – 28.527672446971
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Triple top chart pattern –