SOL/BTC – 1H – SELLNext a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A bearish descent downwards to the next support line at 0.002045100 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002090200 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘On Neck’ candlestick pattern is found. The candles form ‘On Neck’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 – –