SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.002297700 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.002524200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Evening Star’ candlestick pattern is found. The candles show ‘Evening Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002550000 |
| 2nd High | 0.002534500 |
| Next High | 0.002524200 |
| Current Price | 0.002465700 |
| Next Low | 0.002297700 |
| 2nd Low | 0.002250700 |
| 3rd Low | 0.002247800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Evening Star