SOL/BTC – 1H – SELLMoreover a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
A bearish movement down to the next support line at 0.002045100 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.002090200 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘On Neck’ candle pattern is detected. The candles show ‘On Neck’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002155500 |
| 2nd High | 0.002154500 |
| Next High | 0.002090200 |
| Current Price | 0.002054500 |
| Next Low | 0.002045100 |
| 2nd Low | 0.002036200 |
| 3rd Low | 0.002001500 |
0.002090200 – 0.002154500 – 0.002117700 – 0.002045100 – 0.002036200 – 0.002001500 — 40.179347994581 – 38.876092146114
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – On Neck – Symmetrical Triangle Chart Pattern – –