SOL/BTC – 1H – SELLThe combination goes from the ascending trendline down.
A descending movement down to the next support line at 0.002457100 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002691600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002691600 |
| Current Price | 0.002602100 |
| Next Low | 0.002457100 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |